My husband and I are buying residence in Southampton. My property lawyer is not listed on the mortgage company solicitor list. Can I still continue with my Southampton conveyancing solicitor even though they are excluded from the mortgage company panel of approved conveyancing solicitors?
You must instruct a lawyer to complete the legal work required if you need a loan to purchase your property. They will carry out all the appropriate legal checks on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage documentation is dealt with. You may instruct a Southampton solicitor of your choosing. However, where the conveyancing practitioner appointed is not a member of the bank approved list supplemental costs will be incurred as separate legal representation will be need by the bank. Lender panel applications may be submitted, so provided your lawyer has not historically sought membership they should take the opportunity to apply.
We were just about to sign contracts for a garden flat in Southampton. We have hit a snag. The mortgage offer with Accord Mortgages Ltd runs out on 4/10/2021 but the vendors are putting forward a completion date of 6/10/2021. Is it possible to prolong the mortgage expiry date?
The best person to address this question is your conveyancer who should assess whether he or she is corresponding with the lender, vendor’s solicitors, selling agents or indeed all parties given what has gone on in your conveyancing as of today.
Can I use your services to locate a Conveyancing solicitor in Southampton even if I’m not buying or disposing of a house, for example if I intend to buy a shop in Southampton with a loan from The Royal Bank of Scotland?
Our comparison service is mainly used to find domestic conveyancing solicitors in Southampton but we have recorded at the end of this page some Southampton commercial conveyancing firms. You will need to speak with the solicitors directly to check if they can also act for The Royal Bank of Scotland
Is there a search tool that I can utilise to investigate if the solicitor conducting my conveyancing in Southampton is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus paying £187.00 plus VAT in supplemental legal bill.
You should take advantage of the find a conveyancing panel solicitor tool on this page. Pick the mortgage company and type ‘Southampton’ or your preferred area and you will discover a number of lawyer offices in Southampton or nearest you.
I am buying a victorian detached house in Southampton. Our aim is to convert the garage to a playroom at the house.Will the conveyancing process include enquiries to determine if these works are prohibited?
Your property lawyer will review the registered title as conveyancing in Southampton can sometimes identify restrictions in the title documents which prevent categories of changes or necessitated the permission of a 3rd party. Certain works need local authority planning permissions and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
Are all Southampton Conveyancing Quality Solicitors on the TSB conveyancing panel?
Some major banks and building societies now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
Does a directory service exist listing HSBC panel conveyancers in Southampton on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings open the public on the web. Where you are seeking to appoint a Southampton property lawyer on the HSBC please make the most of our tool.
Expecting to exchange soon on a garden flat in Southampton. Conveyancing solicitors assured me that they report fully tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Southampton should include some of the following:
-
Will you be prohibited or prevented from having pets in the property? Information concerning the obligations in the lease to to contribute towards maintenance costs - with regard to both the building, and the wider rights a lessee has Defining your rights in respect of common areas in the building.By way of example, does the lease grant a right of way over an accessway or hallways? Repair and maintenance of the property The length of the lease term. You should receive guidance as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years
I bought a basement flat in Southampton, conveyancing having been completed December 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Southampton with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease expires on 21st October 2080
You have 59 years left to run we estimate the price of your lease extension to span between £20,900 and £24,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.