What is the first thing I need to know regarding purchase conveyancing in Bournemouth?
You may not hear this from too many lawyers but conveyancing in Bournemouth or throughout Dorset is often a confrontational experience. Put another way, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the transaction. For example, the vendor, property agent and on occasion your lender. Appointing a lawyer for your conveyancing in Bournemouth an important selection as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to protect your best interests and to protect you.
Sometimes a third party with a vested interest will attempt to convince you that it is in your interests to do things their way. For instance, the estate agent may claim to be helping by suggesting your conveyancer is dragging his heels. Or your mortgage broker may tell you to do take action that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
How does conveyancing in Bournemouth differ for newly converted properties?
Most buyers of new build premises in Bournemouth come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Bournemouth typically 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 conveyancers 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 accustomed to new build conveyancing in Bournemouth or who has acted in the same development.
I opted to have a survey carried out on a property in Bournemouth in advance of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bournemouth. Conveyancing will be smoother if you use a solicitor in Bournemouth especially if they are familiar with such properties in Bournemouth.
I'm remortgaging my primary house to a buy to let mortgage with Chelsea Building Society and intend to use the remaining equity towards further house. The area we are looking at is Bournemouth. Will your lawyers be able to act for the two banks and link together the conveyances?
Make use of our search tool on this page to be sure that the conveyancers are approved by both banks. Having checked that they are your conveyancer should be able to connect the two deals but you should have a chat with you conveyancer and make apparent your desired outcome and needs.
I am on look out for some leasehold conveyancing in Bournemouth. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Bournemouth - 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.
Bournemouth Leasehold Conveyancing - A selection of Queries Prior to buying
How much is the ground rent and service charge? Most Bournemouth leasehold flats will have a service charge for maintenance of the block invoiced by the management company. Where you acquire the apartment you will have to pay this charge, normally periodically throughout the year. This may vary from two or three hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge to be met yearly, normally this is not a exorbitant amount, say about £25-£75 but you should to check it because occasionally it could be surprisingly expensive.
What type of conveyancing matters do Bournemouth conveyancing practices undertake?
Most Bournemouth conveyancing companies manage to supply various services to home and land owners, sellers, purchasers, freeholders and leaseholders including the following:
Private sale conveyancing in Bournemouth and beyond
House purchase conveyancing in Bournemouth and nationwide
Bournemouth conveyancing for Buying off mortgagees in possession in and outside of Bournemouth Advising in respect of rights of drainage, services, and access (Easements) Conveyancing for builders and developers Drafting bespoke leases for individuals needs