My partner and I are acquiring our first home. The solicitor has e-mailedto ask if we want to order extra conveyancing searches. We are really unsure what's necessary for conveyancing in Portsmouth
The range of Portsmouth conveyancing searches should be dictated entirely on the property, the location, the probability of any of these risks, your familiarity of the area and risks, your overall appetite to risk. What matters is that you properly understand what information the searches could provide. Then you can decide if you consider that you need that search. If unclear, ask the conveyancer to advise.
It is a dozen years since I purchased my house in Portsmouth. Conveyancing lawyers have just been retained on the sale but I can't locate my title deeds. Will this cause complications?
Don’t worry too much. First there is a chance that the deeds will be with the lender or they could be archived with the solicitor who acted in your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Portsmouth involves registered property but in the rare situation where your home is not registered it is more problematic but is not insurmountable.
We are selling our house in Portsmouth. Does my conveyancing practitioner need to be on the Kent Reliance conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
My partner and I are downsizing from our home in Portsmouth and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Portsmouth lawyer would know that there is no such problem. It does beg the question why the purchasers are using an online conveyancing practice rather than a conveyancing solicitor in Portsmouth. We have lived in Portsmouth for three years we know that this is a non issue. Should we get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
About to purchase a new build flat in Portsmouth. 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 conveyancing.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Portsmouth
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision.
I have been on the look out for a leasehold apartment up to £195,000 and found one close by in Portsmouth I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Portsmouth for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease will be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.