At what point does exchange of contracts take place for domestic conveyancing in Southbourne and do I need to be at the conveyancers branch?
Where you are round the corner to our conveyancing solicitors in Southbourne you are invited in to sign the paperwork. That being said, the law practices we recommend offer a nationwide conveyancing service and provide just as comprehensive and professional a job for you when communicating with you electronically. The signing of the sale agreement is not when everything is set in stone. Signing on the dotted line simply enables the firm to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Southbourne)to be in the office available at the end of the phone to exchange contracts.
I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel solicitor as I would much rather instruct a high street conveyancing solicitor in Southbourne?
You should check but the the likelihood is that give you one of their panel lawyers should you take up the "fee-free" deal. Call the bank and ask if they allow a cash alternative. Some lenders have previously offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Southbourne.
It has been three months since my purchase conveyancing in Southbourne concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 residence 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.
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 should have been a quick, no chain conveyancing. Southbourne is where the house is located. Is there any guidance you can give?
Flying freeholds in Southbourne are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Southbourne you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southbourne may ascertain 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.
My husband and I are new to the buying process - had an offer accepted, but the selling agent informed us that the owners will only go ahead if we use the agent's chosen conveyancers as they want a ‘quick sale’. We would rather use a local solicitor accustomed to conveyancing in Southbourne
It is highly unlikely the owners are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a genuine buyer is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you are going to use your own,trusted Southbourne conveyancing firm - not the ones that will give the estate agent a kickback or meet his conveyancing targets pre-set by head office.
I am on look out for some leasehold conveyancing in Southbourne. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Southbourne - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a basement flat in Southbourne, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Southbourne with an extended lease are worth £195,000. The ground rent is £45 charged once a year. The lease ceases on 21st October 2088
With just 63 years remaining on your lease we estimate the price of your lease extension to span between £16,200 and £18,600 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.