I am under pressure from the owner of a property in Fawley to sign contracts within four weeks. What can I do to expedite matters?
First, If the seller is applying pressure to complete it is advisable to make sure that your lawyer is familiar with the area as they will benefit local contacts and intelligence. It is possible that they would have handled previousproperties in the same road. Therefore consider using a Fawley conveyancing solicitor. Second, be sure that the lawyer is on the lender panel. It is estimated that just under twenty per cent of Fawley conveyancing deals are suspended or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the buying process being held up by as much as three weeks. It is understood that this issue impacts in the region of 100,000 home sales every year. Most Fawley conveyancing practices can not represent certain mortgage companies so do check at the outset.
My stepmother advised me that in purchasing a property in Fawley there could be a number of restrictions limiting what one can do in terms of external alterations to the property. Is this right?
There are anumerous of properties in Fawley which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Fawley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am aiming to move home in September. Will my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Fawley. Conveyancing firm was found before I stumbled across this page.
On the afternoon of completion you will need to collect the house keys from the selling agent however this should only be done once the previous owners solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be given over. You can inform the removal company that you are ready to move in. As a matter of policy we do not recommend a particular removal organisation but can assist you in locating a residential property solicitor in Fawley or a lawyer that specialises in conveyancing in Fawley.
I have instructed a Fawley property lawyer having made sure that they are on the Lloyds conveyancing panel. Does my lawyer arrange the survey of the property?
Lloyds will need an independent valuation of the property. Your lawyer will not arrange this. Usually Lloyds will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Fawley surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I have todaybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Fawley for a purchase of a leasehold apartment 10 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Fawley conveyancing specialists.
About to purchase a new build flat in Fawley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Fawley
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision.
Do you have any top tips for leasehold conveyancing in Fawley with the intention of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Fawley can be bypassed where you instruct lawyers the minute you market your property and ask them to collate the leasehold documentation which will be required by the purchasers’ conveyancers. You believe that you know the number of years left on your lease but you should double-check via your solicitors. A buyer’s lawyer will not be happy to advise their client to where the lease term is under 80 years. It is therefore essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have had any disputes with your freeholder or managing agents it is very important that these are resolved before the property is put on the market. The purchasers and their solicitors will be reluctant to purchase a property where there is a current dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic as opposed to ongoing. If you hold a share in a the Management Company, you should ensure that you have the original share certificate. Obtaining a re-issued share certificate can be a lengthy process and delays many a Fawley conveyancing deal. Where a reissued share certificate is needed, you should approach the company director and secretary or managing agents (where applicable) for this as soon as possible. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Fawley leases often stipulate that internal structural changes or laying down wooden flooring necessitate a licence from the Landlord acquiescing to such alterations. If you fail to have the consents in place you should not contact the landlord without contacting your conveyancer before hand.
Leasehold Conveyancing in Fawley - Examples of Questions you should ask Prior to buying
How many of the leaseholders are in arrears for their maintenance charge payments? If a Fawley lease has no more than eighty years it will have adverse implications on the value of the property. It is worth checking with your bank that they are content with the length of the lease. A short lease means that you will most likely require a lease extension sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you would need to own the residence for a couple of years before you are eligible to extend the lease. Best to be warned if a new roof is being installed or some other major work is due in the foreseeable future to be shared by the tenants and could well dramatically increase the the service fees or result in a one off payment.
My brother-in-law has suggested I instruct a conveyancing solicitor in Fawley. I I would like to check if they are on the lender's conveyancing panel. Can you advise?
You should phone the solicitor and ask them if they are on the lender's approved list. If that does not help call us and we can investigate and revert. Should the firm not be on the bank panel we can certainly arrange a quality conveyancing solicitor in Fawley on the panel for your mortgage company.