I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to appoint a Bursledon based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers where you want the "fee-free" deal. Contact the lender and see if they allow a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Bursledon.
I can see plenty of information on this site about conveyancing in Bursledon but what is your top tip for choosing the right conveyancer in Bursledon
Do not opt for the cheapest Bursledon conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
After months of negotiation I have agreed a price on an apartment in Bursledon. My mortgage broker recommended their conveyancers. I paid an advanced payment of £150. Shortly after, the conveyancer contacted me embarrassingly acknowledging that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer on a house in Bursledon has been agreed to, but there is a chain. The sellers have offered on a flat, but it’s not been accepted yet, and are looking at other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Bursledon. What should be my next step? At what stage do I apply for the mortgage with Principality?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx £1k, then survey, Bursledon conveyancing search costs, etc). First, you should ensure that your conveyancing practitioner is on the Principality conveyancing panel. Regarding the next phase this very much depends on the specifics of your transaction, motivation for the property and on the state of the market. In a buoyant market some buyers will apply for a home loan with Principality and arrange for the valuation and only if it comes back ok would they pay their conveyancer to press on with searches.
Are there restrictive covenants that are commonly identified as part of conveyancing in Bursledon?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Bursledon. 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…’
My company is planning to take an assignment of a lease of an office on the high street. Can you recommend conveyancers offering no-sale-no fees for commercial conveyancing in Bursledon for under £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Bursledon, including the sale and acquisition of businesses as well as simply property. Whether you are looking to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right firm. Regarding the costs these will vary based on the structure and heads of terms of the deal. Please provide us with your contact information or email so as to enable us to provide you with a fixed commercial conveyancing calculation.
Is it best to instruct a Bursledon conveyancing solicitor who is local to the property I am buying? I have an old university friend who can conduct the legal formalities but her office is 400kilometers away.
The primary upside of using a local Bursledon conveyancing firm is that you can pop in to execute paperwork, deliver your identification documents and apply pressure on them if necessary. Having local Bursledon know how is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were content that must outweigh using an unknown Bursledon conveyancing solicitor solely due to them being local.
What are your top tips when it comes to appointing a Bursledon conveyancing practice to deal with our lease extension?
When appointing a conveyancer 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 advise that you make enquires with two or three firms including non Bursledon conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
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If the firm is not ALEP accredited then what is the reason? What are the costs for lease extension work?
Bursledon Leasehold Conveyancing - Sample of Queries Prior to buying
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Plenty Bursledon leasehold properties will be liable to pay a service charge for the upkeep of the building levied on behalf of the landlord. Should you purchase the flat you will have to meet this contribution, normally in instalments throughout the year. This can vary from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a ground rent for you to pay annual, this is usually not a large sum, say approximately £25-£75 but you need to check as sometimes it can be many hundreds of pounds. Are there any major works on the horizon that will likely increase the maintenance charges? Please note that where the lease has fewer than eighty years it will have adverse implications on the marketability of the apartment. It is worth checking with your mortgage company that they are content with remaining years on the lease. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this would cost. Remember, in most cases you will be required to have been the owner of the premises for 24 months in order to be entitled to extend the lease.