Please could you vouch for a Lloyds TSB Bank accepted Romsey conveyancing conveyancer who can have us moved in within two weeks? Would it be better to use a high street Romsey firm or an online firm?
We can recommend some very good Romsey conveyancing firms. Another option is to visit the main road in Romsey. Approach two or three law practices and ask to see a conveyancing solicitor for a fee estimate. Discuss your requirements together with the reasons and get an assurance on your deadline. Choose the lawyer that appears most efficient.
I own a freehold house in Romsey yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Romsey and has limited impact for conveyancing in Romsey but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I am expecting a DIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Romsey solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Romsey solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Romsey bank branch on a couple of occasions and was reassured it wasn't an issue and they will lend. My Romsey conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Your conveyancer has to follow the Council of Mortgage Lenders’ Handbook Part 2 provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
At last I have had an offer on a maisonette in Romsey agreed to, but there is a chain. The owners have put an offer on a flat, but it’s not yet tied up, and are looking at other properties booked. I have instructed a local conveyancing solicitor in Romsey. What do I do now? At what point do I apply for the mortgage with Principality?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx one thousand pounds, then valuation, Romsey conveyancing search costs, etc). The first course of action is to ensure that your property lawyer is on the Principality approved list. Regarding the subsequent stages this very much dictated by the specifics of your transaction, attraction to this property and on the state of the market. In a buoyant market some purchasers would apply for a home loan with Principality and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to press on with the conveyancing in Romsey.
I have justfound out that Wolstenholmes have closed. They conducted my conveyancing in Romsey for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Romsey conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Romsey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Romsey
-
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I opted to have a survey done on a house in Romsey in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some banks may not give a loan on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Romsey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Romsey to see if the conveyancing costs will increase in light of this.