I am expecting a offer of a home loan from Santander. I hope to retain the legal services of a Licensed Conveyancer in Southbourne. Does the Santander Solicitor panel exclude conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am under pressure from the seller of a property in Southbourne to complete within four weeks. What can I do to accelerate the buying process?
In the event that the seller is applying time constraints to exchange it is advisable to make sure that your solicitor is familiar with the location as they will make use of local relationships and intelligence. It is even conceivable that they could have handled previoushomes in the same street. You would be best advised to use a Southbourne conveyancing firm. In addition, check that the lawyer is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Southbourne conveyancing transactions are frustrated or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s panel. In many cases this discovery resulted in the buying process being frustrated by almost 21 days. It is estimated that this issue impacts approximately 100,000 home moves every year. Many Southbourne conveyancing firms can not act for certain banks so do check at the outset.
I am the registered owner of a freehold premises in Southbourne but nevertheless pay rent, why is this and what is this?
It is rare for properties in Southbourne and has limited impact for conveyancing in Southbourne but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
What can a local search inform me regarding the house we're buying in Southbourne?
Southbourne conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search plays a central part in most Southbourne conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant 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 topic areas.
I have todaybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Southbourne for a purchase of a freehold house 12 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The quickest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Southbourne conveyancing specialists.
I decided to have a survey done on a property in Southbourne prior to retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies tend refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Southbourne. Conveyancing may be slightly more expensive based on your lender's requirements.