I am acquiring a property without a mortgage in Shortlands. I have been residing for the previous twelve years in Shortlands. Conveyancing searches are a lot of money. Given that I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then almost all of the Shortlands conveyancing searches are non-obligatory. Your lawyer will 'advise', perhaps strongly, that you should have searches carried out, but she is duty bound to do this. One thing to consider; if you are going to dispose of the house one day, it will be of importance to your prospective buyer what the searches determine. On occasion premises with functional issues can still throw up unexpected search results. A good conveyancing solicitor in Shortlands will be able to give you some helpful advice concerning this.
When does exchange of contracts happen for sale conveyancing in Shortlands and am I required to be at the lawyers branch?
If you are in close proximity to our conveyancing solicitors in Shortlands you are welcome to attend to sign contracts. That being said, the law practices we work with supply countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you digitally. The signing of the contract is not the point of no return. Signing on the dotted line is just a prerequisite for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Shortlands)to be in the office at the appropriate time.
Due to the guidance of my in-laws I had a survey completed on a property in Shortlands before appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some banks may refuse to give a mortgage on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shortlands. Conveyancing will be smoother if you use a solicitor in Shortlands especially if they are acquainted with such properties in Shortlands.
Hoping to buy a property located in Shortlands and I am already nervous. I couldn't find anything specific about Shortlands. Conveyancing will be needed in due course but do you know about the Shortlands area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Shortlands. In the meantime here are some basic statistics that we found
I am attracted to a two apartments in Shortlands both have in the region of forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the saleability of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.
Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Shortlands. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We are happy to put you in touch with a Shortlands conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Shortlands premises is Ravensbourne Lodge 4 Highland Road in February 2013. the Tribunal held that the amount payable for the freehold was £22,268
My lawyers in Shortlands have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the mortgage company. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.