Much to our surprise we have been informed by our mortgage broker that my Southsea property lawyer is not on the mortgage company Conveyancing panel. How can I be certain whether this is indeed the case?
The sensible course of action for you to take is to contact your Southsea lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may be able to suggest a Southsea conveyancing practice that is on the approved list of lawyers for your lender.
We hope to to purchase with Earl Shilton BS. I dropped in a few high street practices but am unable to find a Southsea conveyancing firm on the Earl Shilton BS panel. Could you help?
Please do take advantage of the search tool on this page. Please choose the lender and type Southsea or your location and you will discover numerous conveyancers offices in Southsea or by proximity to you.
Just acquired a semi-detached house in Southsea , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Southsea conveyancing solicitor has been very slow, so I want to be sure that my purchase is registered.
There is nothing unique about conveyancing in Southsea registration formalities. As opposed to being determined by geographic area, timeframes can adjust according to who lodges the application, whether it is in order and whether the Land registry must send notices to any interested persons or bodies. At present approximately 80% of submission are fully dealt with within two weeks but some can be subject to longer hold-ups. Registration is effected once the buyer is living at the property so an expedited registration is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your solicitor could contact the land registry and explain the circumstances.
I am purchasing a new build house in Southsea with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not to tell my conveyancer about the deal as it would put at risk my loan with Halifax. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Southsea is where the house is located. What do you suggest?
Flying freeholds in Southsea are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Southsea you must be sure that your lawyer goes 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 Southsea 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 property.
Having had my offer accepted I require leasehold conveyancing in Southsea. Before I get started I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Southsea - then the leasehold title will always include the basic details 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 bought a garden flat in Southsea, conveyancing formalities finalised 6 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Southsea with an extended lease are worth £176,000. The ground rent is £50 invoiced annually. The lease ceases on 21st October 2075
With only 50 years left to run we estimate the price of your lease extension to range between £31,400 and £36,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.