What is the difference between a licensed conveyancer and conveyancing solicitor in Ventnor
There are many registered licenced Conveyancers in Ventnor and Solicitor firms in Ventnor to choose from It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. They may both also conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am expecting a OIP from Yorkshire BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Ventnor solicitors on the Yorkshire BS conveyancing panel, or is it better to go independently?
You will need to appoint Ventnor solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I have paid off my mortgage with Coventry BS. I assume I don't need a Ventnor conveyancer on the Coventry BS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
How does conveyancing in Ventnor differ for newly converted properties?
Most buyers of new build residence in Ventnor come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Ventnor tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ventnor or who has acted in the same development.
I opted to have a survey completed on a house in Ventnor prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks will not issue a loan on such a home.
It depends who your proposed lender is. Santander has different instructions from Nationwide. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ventnor. Conveyancing will be smoother if you use a solicitor in Ventnor especially if they are accustomed to such properties in Ventnor.
What does commercial conveyancing in Ventnor cover?
Ventnor conveyancing for business premises incorporates a broad array of guidance, supplied by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I need to instruct a conveyancing solicitor for residential conveyancing in Ventnor. I have chance upon a site which looks to be the ideal solution If there is a chance to get all the legals done via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just started marketing my 2 bed apartment in Ventnor. Conveyancing solicitors are to be appointed soon, but I have recently received a quarterly maintenance charge demand – what should I do?
The sensible thing to do is pay the invoice as you normally would as all rents and maintenance invoices will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Ventnor - Sample of Queries Prior to Purchasing
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It would be prudent to find out as much as possible about the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to every day issues such as the tidiness of the communal areas. Enquire of prospective neighbours if they are happy with their management. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the relevant party and specifically what it includes. This question is important as a) areas could cause problems in the block as the common areas may begin to deteriorate where services remain unpaid b) if the leasehold owners have a dispute with the managing agents you will wish to know about it