I am thinking of mortgaging my apartment in Warsash, does my lawyer have to be on the RBS Solicitor panel?
There is nothing to stop you using your solicitor, but RBS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Have just purchased a repossessed house at auction in Warsash. Conveyancing is required. What are my next steps?
Given that you have now exchanged you must find a conveyancing practitioner as a matter of priority as you will have a tight a drop dead date to complete the property. Every auction property should have a bespoke auction set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must give this to your appointed conveyancing solicitor ASAP. Do make sure that your finances are organised to complete the transaction on the set completion date.
Are all Warsash Conveyancing Quality Solicitors on the Leeds Building Society conveyancing list of approved solicitors?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
We have agreed to purchase a house in Warsash. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
Given that your lender is Virgin Money your lawyer must comply with the formal requirements outlined in Part two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook includes minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Virgin Money where a lease fails to comply with these provisions. The requirements relate to the installation of panels on properties countrywide and is not isolated to Warsash.
Are there restrictive covenants that are commonly identified during conveyancing in Warsash?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Warsash. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing my first flat in Warsash with a mortgage from Coventry Building Society. The sellers refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not reveal to my lawyer about this deal as it would affect my mortgage with Coventry Building Society. Should I keep quiet?.
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.
I have been on the look out for a leasehold apartment up to £235,500 and identified one close by in Warsash I like with amenity areas and railway links nearby, however it only has 51 remaining years left on the lease. There is not much else in Warsash for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
My business partner and I are intending to lease a unit on the high street. Can you recommend conveyancers offering fixed fees for non-domestic conveyancing in Warsash for below 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Warsash, including the disposal and purchase of businesses as well as simply premises. Whether you are looking to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. As for the fees this will depend on the structure and heads of terms of the deal. Let us have your details or email so as to enable us to provide you with a fixed commercial conveyancing calculation.