When can the exchange of contracts take place for sale conveyancing in Ventnor and do I need to attend the lawyers branch?
Where you are local to one of the conveyancing solicitors in Ventnor you are welcome to come in to sign contracts. That being said, the firms we work with provide a national conveyancing service and provide just as detailed and professional a job for you when dealing with you digitally. The signing of the sale agreement is not the important part. Signing on the dotted line simply enables the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ventnor)to be in the office available at the end of the phone to exchange contracts.
My brother-in-law has suggested I instruct a conveyancing solicitor in Ventnor. I I am struggling to find out if they are accepted on the Alliance & Leicester approved list of lawyers. Can you help?
You should e-mail your conveyancer and ask them if they are on the lender panel. Otherwise you should call Alliance & Leicester who may be able to assist.
The deeds to our property can not be found. The lawyers who conducted the conveyancing in Ventnor 5 years ago have long since closed. What do I do?
Assuming you have a registered title the details of your ownership will be evidenced by HMLR with a Title Number. It is easy to execute a search at the Land Registry, find your property and get up to date copies of the Registered Entries for a small fee. If the title is Leasehold then the Land Registry will usually hold a file copy of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
I decided to have a survey done on a property in Ventnor prior to instructing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some banks may refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ventnor. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I am about to part with 450k on a property in Ventnor I would like to talk to a lawyer about mytransaction prior to giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you first talking to the conveyancer who will be conducting your property ownership legalities in Ventnor.There is no ‘factory style conveyancing’ - every client is unique person, not a file number. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Ventnor should be the figure that you end up paying.
I am tempted by the attractive purchase price for a couple of apartments in Ventnor which have about fifty years left on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the saleability of the lease deteriorates and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this field.
Ventnor Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
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How long is the Lease? Are any of leasehold owners in dispute over their service charge liability? What prohibitions are there in the Ventnor Lease?