Forgive me if this question is silly but I am unseasoned as a 1st time purchaser of a ground floor flat in Romsey. Do I receive the keys to the property on the completion date from my solicitor? If this is the case, I will find a local conveyancing solicitor in Romsey?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's solicitors, and once they have received this, you should be able to pick up the keys from the property Agents and start moving into the property. Usually this happens early afternoon.
I happen to be the single recipient of my late mum's will with all property in now in my sole name, including the house in Romsey. Conveyancing formalities meant that the Land Registry date was in July. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship will be regarded the same way as if I'd bought the property in July. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. many banks would take a practical view as this requirement chiefly exists to identify the purchase and immediately sell or the quick reselling of properties.
I am selling my house. I had a double glazing fitted in March 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Kent Reliance are being a right pain. The Romsey solicitor who is on the Kent Reliance conveyancing panel is recommending indemnity insurance as a solution but Kent Reliance are requiring a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance 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.
We are intent on selling our property in Romsey and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A high street Romsey lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used a factory type conveyancing practice rather than a conveyancing solicitor in Romsey. Having lived in Romsey for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Romsey differ for new build properties?
Most buyers of new build residence in Romsey come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Romsey tend to purchase the real estate, 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 conveyancers 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 Romsey or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Romsey is the location of the property. Is there any guidance you can give?
Flying freeholds in Romsey are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Romsey you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Romsey may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm converting the mortgage on my existing house to a buy to let loan with Yorkshire Building Society and intend to use the remaining equity as a deposit on further house. The location we are looking at is Romsey. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Do use our comparison tool on this page to ensure that the lawyers are on the appropriate lender panels. On the basis that they are your solicitor should be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make apparent your expectations and needs.
I have just started marketing my basement flat in Romsey. Conveyancing solicitors are to be appointed soon, but I have recently had a yearly service charge invoice – Do I pay up?
It best that you clear the invoice as usual as all ground rent and maintenance invoices will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until 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. This will smooth the conveyancing process.
I am the registered owner of a garden flat in Romsey, conveyancing having been completed January 2002. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Romsey with an extended lease are worth £222,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2096
You have 70 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.