We are planning to acquire a flat and require a conveyancing solicitor in Portsmouth who is on the Santander conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Portsmouth.
My bid for a property was accepted at auction in Portsmouth. Conveyancing is required. What are my next steps?
Now that you are to in every practical sense signed on the dotted line you now have to choose a conveyancing solicitor soon as you are facing a tight a drop dead date to complete the deal. All auction property should have an associated auction pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You must hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds in order to complete the transaction on the set completion date.
My wife and I have organised a further advance on our mortgage from Co-operative as we intend to conduct alterations to our property in Portsmouth. Are we obliged to choose a bricks and mortar Portsmouth solicitor on the Co-operative conveyancing panel to deal with the legals?
Co-operative don't usually require a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative conveyancing panel.
Planning on purchasing a maisonette in Portsmouth. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB 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 Portsmouth lawyer is on the TSB conveyancing panel.
My wife and I own a renovated Victorian property in Portsmouth. Conveyancing practitioner acted for me and Nottingham Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Portsmouth and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing practitioner who conducted the work.
I'm buying a new build house in Portsmouth with a mortgage from Birmingham Midshires. The builders refused to budge the price so I negotiated £7000 of extras instead. The property agent told me not to tell my lawyer about this extras as it would put at risk my loan with Birmingham Midshires. 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.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Portsmouth I like with a park and station nearby, however it's only got 52 years unexpired on the lease. There is not much else in Portsmouth suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I am using a search engine for the phrase conveyancing in Portsmouth it shows results of numerous solicitorsin the vicinity. How do I determine which is the suitable property lawyer for purchase transaction?
The ideal method of finding the right conveyancer is through a trusted referral, so enquire of friends and those you trust who have bought a property in Portsmouth or the respected estate agent or mortgage broker. Costs for conveyancing in Portsmouth vary, so it's a good idea to secure at least three quotes from different law firms. Make sure that you clarify that the costs are assured not to increase.