Do I select a Licenced Conveyancer or Solicitor for conveyancing in Chandlers Ford?
There are two types of lawyers who can carry out conveyancing in Chandlers Ford namely CLC regulated conveyancers or solicitors. Both professionals administer the legal services that required to complete the disposal or purchase of property. They are both duty bound to conduct Chandlers Ford conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly administered and that the requirements and steps will be suitably followed.
Does a directory service exist listing Aldermore panel solicitors in Chandlers Ford on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few banks make their panel listings visible on the web. Where you are looking for a Chandlers Ford conveyancing practitioner on the Aldermore please make the most of our facility.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Chandlers Ford building society branch on a couple of occasions and was told it wasn't a problem and they would lend. My Chandlers Ford conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend based on their specific requirements. Who do I believe?
Provided that the conveyancer is on the bank approved list, they must follow the CML Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
What does a local search reveal about the property I am buying in Chandlers Ford?
Chandlers Ford conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search is essential in every Chandlers Ford conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications relevant to the property (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 sections.
2 months have gone by following my purchase conveyancing in Chandlers Ford completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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.
I am purchasing a new build house in Chandlers Ford with the aid of help to buy. The sellers would not move on the price so I negotiated 6k of extras instead. The property agent advised me not to tell my conveyancer about the extras as it would jeopardize my loan with Skipton Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Chandlers Ford I like with amenity areas and transport links in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Chandlers Ford suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage that many years will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I am looking into buying my first house which is in Chandlers Ford and I am already nervous. I couldn't find anything specific about Chandlers Ford. Conveyancing will be needed in due course but do you know about the Chandlers Ford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chandlers Ford. In the meantime here are some basic statistics that we found