I do hope you can assist me. My Southampton lawyer is assuring me that he has toorder Southampton conveyancing searches becausethe firm are on the HSBCconveyancing panel. These Southampton searches cost a lot of money can this be avoided?
You have limited options available to you. Given that you are taking out a loan with a lender your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Southampton conveyancing searches.
When it comes to lenders such as Santander, do Southampton solicitors incur an annual charge to be on the conveyancing panel?
We are not aware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
Completion of my remortgage has taken place for my property in Southampton. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Principality have agreed my home loan in principle, my offer on a apartment in Southampton has been agreed to, what happens next?
The property agent will want to know who your solicitors are (ensure that the solicitors are on the lender’s panel). Contact Principality or your broker and finalise any relevant forms. Principality will instruct a valuer who will get in contact with the estate agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Principality will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Southampton.
I have been told that property searches are the number one cause of hinderance in Southampton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in Southampton.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Southampton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Southampton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey carried out on a house in Southampton in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on a flying freehold house.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Southampton. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Southampton and I am already nervous. I couldn't find anything specific about Southampton. Conveyancing will be needed in due course but do you know about the Southampton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Southampton. In the meantime here are some basic statistics that we found