Have just purchased a repossessed house at auction in Salisbury. Conveyancing is needed. What is next?
Given that you are now to in every practical sense signed on the dotted line you now have to appoint a conveyancing solicitor quickly as you are facing a pending a fixed date to complete the conveyancing. Every auction property should have an associated legal pack. This will include most,if not all of the documents that your conveyancer will need. If you have purchased leasehold premises the legal pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You need to pass this on to the solicitor working for you ASAP. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
We had instructed conveyancing lawyers located in Salisbury on the Nationwide solicitor approved list. They are now charging me a further amount for dealing with the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer is entitled to charge a fee for this. The fee is not dictated by Nationwide but by your Salisbury property lawyer. Plenty of firms on the Nationwide panel will levy ’dealing with mortgage’ fee but many practices include it on their overall fee.
UBS have agreed my home loan in principle, my offer on a flat in Salisbury has been agreed to, what are the next steps?
The estate agent will want to know who your solicitors are (be sure the conveyancing practitioners are on the bank’s approved list). Telephone UBS or the financial adviser and finalise any outstanding paperwork. UBS will appoint a valuer who will get in contact with the estate agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes about ten days to get a mortgage offer. UBS will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Salisbury.
What can a local search inform me concerning the property we're purchasing in Salisbury?
Salisbury conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Onsearch The local search is essential in every Salisbury conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
4 months have gone by since my purchase conveyancing in Salisbury completed. I have checked the Land Registry site 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Salisbury I like with amenity areas and railway links nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Salisbury in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Taking into account that I will soon part with 450k on a two bedroom apartment in Salisbury I would like to talk to a lawyer concerning thehouse move before appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer due to be doing your conveyancing in Salisbury.There is no ‘factory style conveyancing’ - every client is an important person, not a case reference. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Salisbury should be the amount on the final invoice that you end up paying.
I have been informed by various friends that it may take up to two months for Salisbury conveyancing to complete.This was 3 ago. The draft contract was only forwarded from the vendors lawyer yesterday so now does it countdown?
There is no official timeframe for conveyancing in Salisbury, or any location. You simply have to make sure your finances are in place and wait for the rest to come to you eventually.