I am expecting a mortgage with Santander. My intention is to enlist the help of a Licensed Conveyancer in Paulton. Does the Santander Conveyancing panel allow for Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We see that you have a search directory listing firms on the Santander conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Paulton?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Paulton.
How does conveyancing in Paulton differ for new build properties?
Most buyers of new build premises in Paulton contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Paulton tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Paulton or who has acted in the same development.
As co-executor for the will of my uncle I am selling a house in Neath but I am based in Paulton. My solicitor (approximately 300 kilometers from mehas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Paulton who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are Paulton based
I am employed by a long established estate agency in Paulton where we have witnessed a few leasehold sales derailed due to leases having less than 80 years remaining. I have been given conflicting advice from local Paulton conveyancing solicitors. Could you clarify whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Paulton Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
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The prefered form of lease structure is where the freehold interest is in the ownership of the leaseholders. In this arrangement the leaseholders have being in charge if their destiny and although a managing agent is usually employed if the building is larger than a house conversion, the managing agent employed by the leaseholders. What is the name of the managing agents? It is important to be aware if a new roof is being installed or some other major work is pending that will be shared by the leaseholders and will dramatically impact the level of the maintenance costs or require a specific payment.
I dont have enough spare cash to pay a 10% deposit on my house purchase in Paulton , but I am anxious exchange. What can I do?
One option is to try and accept a lower deposit. Most sellers will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second