Unfortunately I am unable to travel far from Fareham. Is there a reason why all Fareham solicitors aren't included on all lender panels?
As unjust as it may seem for lenders to restrict who can act for them, from the public’s or conveyancer’s point of view, the other side of the coin is that lending institutions are increasingly anxious and regard it necessary to protect them from mortgage fraud. As a result of this concern lenders are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
Will my solicitor be raising questions concerning flooding as part of the conveyancing in Fareham.
Flooding is a growing risk for conveyancers conducting conveyancing in Fareham. Some people will acquire a house in Fareham, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to impart advice on flood risk, however there are a numerous searches that may be undertaken by the purchaser or on a buyer’s behalf which can figure out the risks in Fareham. The conventional set of information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to find out if the premises has suffered from flooding. In the event that the premises has been flooded in past and is not notified by the owner, then a purchaser may bring a legal claim for losses resulting from an incorrect reply. The buyer’s solicitors should also order an environmental search. This should disclose whether there is a recorded flood risk. If so, more detailed investigations will need to be conducted.
My wife and I purchased a terraced Victorian property in Fareham. Conveyancing solicitor represented me and Britannia. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fareham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing lawyer who conducted the work.
I am purchasing a new build house in Fareham with a loan from The Royal Bank of Scotland. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about this extras as it would jeopardize my mortgage with The Royal Bank of Scotland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am a sole trader planning to lease a unit on the high street. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Fareham for less than £1,200?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Fareham, including the disposal and purchase of businesses as well as simply property. Whether you are intending to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right firm. As for the charges this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or email us so that we can furnish you with a detailed commercial conveyancing quote.
Finally our conveyancing in Fareham is set to complete on Friday, but the owners I am purchasing from has asked to move out 24 hours later at midday. Do I agree to this?
You can't complete on a Saturday because the bank systems are not operating.