We wanted to use a property lawyer in Southsea for our house move. Our broker has since advised us that our mortgage lenders Platform Home Loans Ltd won't deal with them. Why is this not regarded as unfair competition?
Pre- 2008 most banks had a different appetite for risk. Almost all Southsea conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms concerning their operations and their employees and set certain criteria such a completing on a minimum volume of transactions. Many Southsea conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Southsea is one of the thousands of locations where the solicitors we list are members of the panel for Platform Home Loans Ltd.
What does a local search inform me regarding the property my wife and I purchasing in Southsea?
Southsea conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search is essential in every Southsea conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should provide information on, amongst other things, details on planning applications applicable to the premises (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 thirteen topic areas.
four months have elapsed since my purchase conveyancing in Southsea concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What tools are available to search for a Southsea law firm on the Coventry Building Society conveyancing panel? I have wheels and am prepared to travel upto 25miles to meet the solicitor.
Feel free to make use of the search on this page. Please select a lender and your location and you will see a number of Southsea conveyancing lawyers based on proximity. We have listed some Southsea conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Coventry Building Society member panel
Having had my offer accepted I require leasehold conveyancing in Southsea. Before diving in I would like to find out the unexpired term of the lease.
If the lease is registered - and most 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 leasehold flat in Southsea, conveyancing formalities finalised September 2006. How much will my lease extension cost? Similar properties in Southsea with over 90 years remaining are worth £265,000. The ground rent is £50 charged once a year. The lease terminates on 21st October 2100
With only 76 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
What do I do if I am not happy with the conveyancer who handled my conveyancing in Southsea?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that every so often things do go wrong. However there is recourse if you were not happy with your conveyancing in Southsea. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their regulator. If things still aren’t sorted out you may consider enlisting the help of the Legal Ombudsman.