Can you explain why leasehold purchase conveyancing in Parkstone costs more?
The conveyancing charges for a leasehold premises in Parkstone is frequently greater when contrasted to a freehold property. This is because there is an amount of additional work necessary in communicating with the freeholder and management company to obtain evidence about whether the rent and service charges have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.
My aunt passed away six months ago and as sole heir and executor I was left the house in Parkstone. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
If you intend to re-mortgage then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
We have a mortgage agreed in principle with Principality. Parkstone conveyancing lawyers were selected. What is the average time that one could expect to receive a mortgage offer from Principality?
There is no definitive answer here. Have Principality done the valuation? Have you advised Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have decided to exercise my right to buy my property in Parkstone off the council. I have a mortgage agreed with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Parkstone building society branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Parkstone conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
As long as the lawyer is on the mortgage company approved list, they must comply with the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I used Arc property Solicitors a few years past for my conveyancing in Parkstone. Now, I need the files however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Parkstone of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I need to retain a conveyancing solicitor for residential conveyancing in Parkstone. I happened to stumble across a site which appears to be the perfect solution If there is a chance to get all the legals completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have finally had an offer on an maisonette in Parkstone agreed to, the owner does nevertheless have an associated purchase. The current proprietors have offered on on an apartment, although it’s not been accepted yet, and has viewings of other apartments in the pipeline. I have selected a nearby conveyancing lawyer in Parkstone. What do I do now? At what stage should I apply for the mortgage with Lloyds?
It is normal to have anxieties where there is an associated chain given your reluctance to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then valuation, Parkstone conveyancing search costs, etc). The first course of action is to ensure that your lawyer is on the Lloyds conveyancing panel. Regarding the next steps this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. During a hot market the majority of buyers will apply for the mortgage with Lloyds and pay for the survey and only if it comes back ok would they ask their property lawyer to move forward with the conveyancing in Parkstone.