I require conveyancing for a flat in a relatively new development (6 years old) in Romsey. The vast majority the properties have already been occupied. Do I need carry out the conveyancing searches as part of conveyancing in Romsey?
You would be putting yourself at risk in failing carrying out Romsey conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would absolutely advise in no uncertain terms that your solicitor conducts them. If accelerating the process and expenses are top of your issues you should discuss with your solicitor about the options such as lack of search insurance available to you
At what point can the exchange of contracts occur in domestic conveyancing in Romsey and am I required to attend the solicitors office?
If you are round the corner to one of the conveyancing solicitors in Romsey you are welcome to come in to sign contracts. However, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and give as equally detailed and professional a job for you when dealing with you electronically. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Romsey)to be in the office at the appropriate time.
It has been 2 months following my purchase conveyancing in Romsey concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How easy is it to use the search app to locate a conveyancing solicitor in Romsey on the authorised to act for my lender?
1st choose a bank such as HSBC Bank, The Royal Bank of Scotland or Aldermore then choose your location e.g. Romsey. Conveyancing organisations in Romsey and further afield should be shown.
My husband and I are first time buyers - had an offer accepted, but the property agent has warned us that the seller will only go ahead if we appoint the agent's preferred solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Romsey
It is unlikely the sellers are behind this. Should the seller desire ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Speak to the vendors direct and make sure they understand (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to use your preferred Romsey conveyancing lawyers - not the ones that will give their estate agent a referral fee or hit his conveyancing figures set by corporate headquarters.
I have just appointed agents to market my basement apartment in Romsey. Conveyancing lawyers have not yet been instructed, however I have just had a yearly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as you normally would given that all rents and maintenance payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment 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.
I own a 1st floor flat in Romsey, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Romsey with a long lease are worth £190,000. The ground rent is £65 yearly. The lease ends on 21st October 2086
With just 61 years left to run the likely cost is going to be between £18,100 and £20,800 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 supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.