We are a couple about to exchange contracts for a property in Southbourne. We encountered a problem. The mortgage offer with Chelsea Building Society expires on 16/1/2026 but the owners are insisting on a completion date of 20/1/2026. Is it possible to prolong the loan offer?
The best person to address this issue is your conveyancer who will determine whether they corresponding with the bank, seller’s solicitors, selling agents or conceivably all three given what has happend in your house move as of today.
The deeds to my property can not be found. The solicitors who did the conveyancing in Southbourne 10 years ago have long since closed. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer should know precisely where to locate all the suitable documentation so you may purchase or sell your property without a hitch. Where copies are not available, your solicitor can arrange cover in the form of insurance or indemnities against possible claims on the premises.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Southbourne is where the house is located. Can you offer any guidance?
Flying freeholds in Southbourne 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 Southbourne you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southbourne 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 premises.
I am looking to sell my property. My past lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Southbourne if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Southbourne. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My father has recommend that I appoint his conveyancers in Southbourne. Should I use them?
No doubt the ideal way to choose a conveyancing practitioner is to seek guidance from friends or family who have actually previously instructed the conveyancer that you are contemplating using.
In relation to leasehold conveyancing in Southbourne what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Southbourne. Most leases are drafted differently and legal mistakes in the legal wording can result in certain sections are wrong. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain elements of the building Clauses dealing with recovering service charges for expenditure on the building or common parts.
You will have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Skipton Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.
Southbourne Leasehold Conveyancing - A selection of Queries Prior to buying
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How much is the ground rent and service charge? What is the length of the lease? You should be aware that where the lease has less than 80 years it will impact the salability of the property. It is worth checking with your mortgage company that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely need a lease extension at some point and it is worth finding out how much this will be. Remember, in most cases you would need to own the residence for a couple of years in order to be eligible to extend the lease.