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Find a Lender-Approved Local Conveyancer in Shanklin

Ready to buy a new home? Find a law firm approved by your lender.

Our lawyers are committed to delivering the best property conveyancing to Shanklin vendors and purchasers

Reasons to use our Shanklin conveyancing solicitors

  • 1 The accumulation of transactions means that Shanklin conveyancer have developed very good connections with Shanklin local estate agents, banks, building societies, landlords and property developers enabling them to liaise at speed with all parties involved in the process of handling your conveyancing in Shanklin.
  • 2 Cut price packages from online conveyancers might be tempting. However, these organisations are often located many miles away with little understanding of the factors that impact property transactions in Shanklin
  • 3 The hallmark of our conveyancing solicitors in Shanklin is quality not quantity. The level of service offered by conveyancing "factories" (sometimes 'recommended' by large estate agency chains) often falls short of the level of professionalism you will expect.
  • 4 Property lawyer conveyancing solicitors have extremely good personal links with Shanklin selling agents and work very closely with them and local surveyors so as to ensure transactions proceed expeditiously.
  • 5 The companies identified on our directory have a variation of conveyancing practitioners, legal executives and support staff handling over one hundred thousand cases each year.

Examples of recent conveyancing in Shanklin since January 2025*

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Conveyance

of apartment Northcliff Gardens PO37 6ES, at a price of £140,000. Leasehold conveyancing legalities included: drafting the sale agreement and Transfer, sending conveyancing papers to buyers representatives, setting up the completion formalities

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Disposal

of terraced premises, Fairmead Close, PO36 9HH completing on 31/01/2025 at a price of £82,000. The legal transfer of property incorporates some of the following tasks: securing official copies of the title, agreeing completion date with parties, preparing statement detailing charges

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Purchase

of flat St Johns Road PO36 8HF, purchased for £220,000. Leasehold conveyancing legalities included: drafting the sale agreement and Transfer, dealing with appropriate requisitions and enquiries, preparing statement detailing charges

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Transfer

of terraced premises, Clarendon Close, PO36 0BW completing on 14/01/2025 at a price of £122,500. The conveyancing process incorporates some of the following tasks: drafting the sale agreement and Transfer, sending conveyancing papers to buyers representatives, preparing statement detailing charges

Recently asked questions about conveyancing in Shanklin

We are due to complete on the purchase of a property in Shanklin but as a result of wreckage from some water damage at the property I have managed to agree reparation from the vendor of six thousand pounds in the form of a reduction in the price. I had intended this to be addressed as part of amending the contract but Virgin Money are not allowing this. Should they have been informed?

The conveyancing practitioner that is on the Virgin Money conveyancing panel is duty bound to inform Virgin Money of any variations to the purchase price. If you were to refuse your conveyancer to notify the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new property lawyer for your conveyancing in Shanklin.

In what way does my ID and proof of funds have anything to do with my conveyancing in Shanklin? Why is this being asked of me?

Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with before they can accept their conveyancing business. The Terms of Engagement that you are required to sign will no doubt stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to supply identification documents, your lawyer will not be able to take you on as a client.

Do the Building Society Association intend to launch a online directory to list firms on the Coventry BS conveyancing panel for example in Shanklin?

We would not expect to be advised of any intention on the part of the BSA to develop such a tool.

I am purchasing my first flat in Shanklin with a loan from Barnsley Building Society. The sellers refused to budge the price so I negotiated 6k of additionals instead. The house builders rep advised me not to tell my lawyer about the deal as it would jeopardize my loan 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.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Shanklin is the location of the property. Is there any guidance you can give?

Flying freeholds in Shanklin are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shanklin you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shanklin may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I am in need of some leasehold conveyancing in Shanklin. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and most are in Shanklin - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I own a split level flat in Shanklin, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Shanklin with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ends on 21st October 2091

You have 66 years remaining on your lease we estimate the price of your lease extension to range between £12,400 and £14,200 plus costs.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.

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Sample of conveyancing solicitors in Shanklin regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Shanklin but also conveyancing throughout England and Wales.

  • Lesley A Kemp Solicitor, 2a Sandown Road, Lake, Sandown, Isle of Wight, PO36 9JP
  • A J Careless Limited, 19 Church Street, Ventnor, Isle of Wight, PO38 1SN

Transfer of Equity conveyancing in Shanklin normally entails the following:

  • Taking instructions from the appropriate parties
  • Investigating the title to the property
  • Acting on behalf of the bank (where relevant)
  • Agreeing the terms of the transaction
  • Drafting Transfer or approving the Transfer deed
  • Negotiating adjustments to the draft Transfer
  • Corresponding with parties with regards to the Transfer
  • Agreeing and preparing for completion
  • Receiving and transferring funds to the appropriate parties
  • Preparing and submitting to HM Revenue and Customs the correct stamp duty forms and payment
  • Dealing with the registration formalities for the buyer and the home loan (if appropriate) at the Land Registry.

Shanklin commercial property solicitors provide expert offering advice on a variety of aspects of commercial property law

    Buying, selling and leasing land for registered charities Compulsory land purchase General advice on title or other property issues Land use planning and environmental issues Property realisations and advice for insolvency practitioners Advice on commercial mortgages

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.