I can't travel far from Hedge End. Please spell out why all Hedge End conveyancing practitioners are not on all bank panels?
Pre- 2008 most banks had an attitude to risk which differs from the current day. The FSA in 2010 carried out a thematic review into property fraud which concluded: know the lawyers on your panel. Consequently, mortgage companies have since requiredmore information from law firms concerning their operations and the individuals employed by them and set certain criteria such as completing a minimum amount of transactions. Thousands of law practices have been removed from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms were never going to meet the minimum amount of transactions the mortgage companies set.
Finally the sale completed on my house in Hedge End last August but the buyer keeps texting every few hours to moan that their lawyer needs to hear from mysolicitor. What should have happened now that I have sold?
After completion of your disposal your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s conveyancer. If applicable, your conveyancer must also confirm that the home loan has been discharged to the buyers conveyancers. There are no post completion formalities just for conveyancing in Hedge End.
We are aiming to move property in March. Should my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you recommend a removal company in Hedge End. Conveyancing solicitor was found prior to coming across this website.
On the afternoon of completion you will need to pick up the house keys from the selling agent however this can only occur once the previous owners conveyancers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you will need to advise the removal men that you are ready to move in. We are not in a position to recommend a particular removal company but can assist you in locating a residential property solicitor in Hedge End or a firm with expertise in conveyancing in Hedge End.
My wife and I are in the throws of looking at flats in Hedge End and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Clydesdale.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. As you are seeking a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I am selling my flat. I had a double glazing fitted in October 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Aldermore are being difficult. The Hedge End solicitor who is on the Aldermore conveyancing panel is saying indemnity insurance will be fine but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have been on the look out for a flat up to £305k and found one round the corner in Hedge End I like with amenity areas and station nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Hedge End for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage that many years may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
Estate agents have just been given the go-ahead to market my basement flat in Hedge End. Conveyancing lawyers have not yet been instructed, however I have recently received a half-yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as usual because all rents and service payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Hedge End Leasehold Conveyancing - Examples of Queries Prior to buying
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How many years remain on the lease? The prefered form of lease structure is a share of the freehold. In this scenario the lessees enjoy being in charge if their destiny and although a managing agent is often retained if it is bigger than a house conversion, the managing agent employed by the leaseholders. Please note if it is fewer than eighty years it will have adverse implications on the salability of the flat. It is worth checking with your mortgage company that they are happy with the length of the lease. A short lease means that you will probably have to extend the lease at some point and you need to have some idea of what this will be. For most Hedge Endlease extensions you will be be obliged to have been the owner of the residence for 24 months before you are entitled to extend the lease.
I am buying a garden maisonette in Hedge End. Conveyancing solicitor is awaiting, from the seller, building insurance documents. This afternoon I was informed that the vendor needs to send the insurance schedule for the flat above as well. Why does my property lawyer need to check the insurance for the flat above? Is it really required? We have been waiting for the last month…
It is not impossible in leasehold conveyancing in Hedge End to find Conveyancing in Hedge End in a minority of cases reveals that the lease requires the tenant's to insure their individual flats as opposed to the landlord insuring the entire building - which is definitely preferable. You should contact your property lawyer but it would appear that your lawyer is attempting to establish that the entire building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated due to lack of insurance.