I am in need of a property lawyer. Do I opt for an online conveyancer rather than a high street Gosport conveyancing solicitor?
Established third party relationships are another important factor to consider when choosing conveyancing solicitors. Gosport conveyancers enjoy connections with mortgage brokers and agents, local authorities, valuers and other law firms meaning the whole process is going to be much more straightforward for you. Having a well rounded experience in the local area is also a plus .
I am the registered owner of a freehold residence in Gosport yet charged rent, why is this and what is this?
It is rare for properties in Gosport and has limited impact for conveyancing in Gosport but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I have 70 years left on my lease and need a lease extension for my flat in Gosport. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/2/2021 the requirements read as follows :
I have justdiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in Gosport for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can carry out 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 Gosport conveyancing specialists.
I'm purchasing a new build house in Gosport with a loan from Birmingham Midshires. The developers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not reveal to my conveyancer about the extras as it will jeopardize my mortgage with Birmingham Midshires. 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.
My husband and I are one month into a residential purchase having been referred to solicitors by the local agent to do our conveyancing in Gosport. We are not happy. Could you help me find new solicitors?
They would need to be really poor to suggest replacing them. Has your mortgage been generated? If so you must make them aware of the new contact details and ensure the offer are re-sent. The solicitor ideally needs to be on the mortgage company approved list to avoid added fees and frustration. That should be your starting point. The find a solicitor tool should help you find a bank approved solicitor for your home move in Gosport