I am considering applying for a Lloyds mortgage for purchase of a newly converted (under development) in Bursledon with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Lloyds ?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
We are purchasing a house and the solicitor has mentioned Chancel Repair to which the property could be obligated to contribute to given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly required for conveyancing in Bursledon
Unless a prior acquisition of the property took place after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Bursledon to continue to recommend a chancel search and or chancel repair liability policy.
five months have gone by following my purchase conveyancing in Bursledon took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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.
Just had an offer accepted on a new build flat in Bursledon. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Bursledon
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
As co-executor for the will of my father I am disposing of a property in Newport but I am based in Bursledon. My lawyer (approximately 200 kilometers awayhas requested that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Bursledon to attest this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Bursledon
What advice can you give us when it comes to finding a Bursledon conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Bursledon conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non Bursledon conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
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If they are not ALEP accredited then what is the reason? How many lease extensions has the firm completed in Bursledon in the last twenty four months?
I bought a 1st floor flat in Bursledon, conveyancing formalities finalised 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Bursledon with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £50 levied per year. The lease finishes on 21st October 2103
With only 78 years remaining on your lease we estimate the price of your lease extension to be between £7,600 and £8,800 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.