This question may be naive but I am unseasoned as a 1st time purchaser of a garden flat in Lee On The Solent. Do I collect the keys to the house on completion from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in Lee On The Solent?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the vendor’s conveyancers, and once they have received this, you should be able to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
We are planning to move house in August. Should my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you suggest a removal company in Lee On The Solent. Conveyancing solicitor was chosen before I stumbled across your page.
On the day of completion you can pick up the keys from the property agent but this should only happen after the vendors conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be collected. You should advise the removal men that they can start moving you in. We do not recommend a specific removal organisation but can help you locate a residential property solicitor in Lee On The Solent or a solicitor that specialises in conveyancing in Lee On The Solent.
Intending to buy a apartment in Lee On The Solent. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Lee On The Solent conveyancing practitioner is on the Santander conveyancing panel.
I am buying my first flat in Lee On The Solent with a mortgage from Clydesdale. The developers refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not disclose to my solicitor about the deal as it may jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
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 £245,000 and found one close by in Lee On The Solent I like with amenity areas and railway links in the vicinity, the downside is that it only has 49 years on the lease. There is not much else in Lee On The Solent for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I am selling my home. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Lee On The Solent if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Lee On The Solent. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am 14 days into a freehold purchase having been recommend to conveyancers by the local agent to handle our conveyancing in Lee On The Solent. We are not happy. Can you you assist me in finding new lawyers?
A conveyancer would have to be really poor to suggest replacing them. Has the loan offer been sent? If so you need to inform them of the new contact details and ensure the offer are re-sent. Your new conveyancer should be on the mortgage company approved list to avoid added charges and frustration. That should be your starting point. The find a solicitor tool will help you find a lender approved conveyancer for your conveyancing in Lee On The Solent
Can you provide any top tips for leasehold conveyancing in Lee On The Solent with the purpose of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Lee On The Solent can be reduced where you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation which will be required by the purchasers’ solicitors. Many freeholders or Management Companies in Lee On The Solent charge for providing management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management information can be applied for as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Lee On The Solent. If you have had any disputes with your freeholder or managing agents it is essential that these are resolved before the property is marketed. The buyers and their solicitors will be nervous about purchasing a property where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to present the dispute as over as opposed to unresolved. You believe that you know the number of years left on your lease but it would be advisable verify this by asking your conveyancers. A purchaser's lawyer will be unlikely to recommend their client to where the lease term is below 75 years. It is therefore important at an early stage that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.
I am the registered owner of a ground floor flat in Lee On The Solent, conveyancing formalities finalised in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Lee On The Solent with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease ceases on 21st October 2084
You have 60 years left to run we estimate the price of your lease extension to span between £20,000 and £23,000 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.