The mortgage offer from HSBC for the refinancing of my 2 room flat is due within the next few days. Are you able to put forward a low cost conveyancing practitioner in Godshill?
You are on the wrong site if you are in need of cut-price fees for conveyancing in Godshill. Our aim is to provide value for money conveyancing but our intention is not to work with the cheapest lawyers. Do not be seduced by companies offering £100 conveyancing in Godshill. The optimum result, in deciding on low cost conveyancing, you will end up with what you pay for and at worst it will result in you being stung for additional fees and still not receive the service expected.
We are about to exchange contracts for a leasehold flat in Godshill. We have hit a snag. The loan offer with The Royal Bank of Scotland runs out on 24/6/2024 but the vendors are suggesting a completion date of 26/6/2024. Can one prolong the loan offer?
The best person to address this concern is your conveyancer who will hopefully calculate if he or she is corresponding with the bank, seller’s conveyancers, property agents or conceivably all three given the circumstances your transaction to date.
What does my ID and proof of funds have anything to do with my conveyancing in Godshill? Is this really warranted?
In order to comply with Money Laundering Regulations any Godshill conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing your correct address.
Under Money Laundering Regulations, property lawyers are duty bound to check not simply the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this will result in your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
I have been on the look out for a flat up to £195,000 and identified one near me in Godshill I like with open areas and railway links nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Godshill suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Do I need to be suspicious by 3rd parties that I am dealing with are encouraging me to use a national conveyancing firm as opposed to a local Godshill conveyancing practice?
As with many service providers, often recommendations from connections can be worth their weight in gold. Nevertheless there are numerous players in a conveyancing deal; estate agents, financial adviser and banks may suggest lawyers to appoint. Sometimes the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the endorsement. You have the discretion to select your own lawyer. Don't forget that many mortgage providers have an approved list of law firms you must use for the lender aspect of your house move.
My partner has suggested that I instruct his conveyancers in Godshill. Do I take his guidance?
There are no two ways about it it’s preferable to find a conveyancing solicitor is to get feedback from friends or relatives who have actually used the solicitor you're contemplating using.