Why would one use a Southampton conveyancing solicitors firm given that internet based alternatives are more affordable?
Its a good idea to contrast conveyancing costs in Southampton and you should seek a reasonable estimate but don’t be focused with scouring the internet for the lowest priced Southampton conveyancer. Appointing the right conveyancer can be the difference between a smooth and a stressful move. You need to ensure that you have expert advice from an experienced lawyer. Emails can't take the place of a phone call and can never replicate a face to face appointment. Our partner firms will find you a qualified and top rated conveyancing solicitor that will tackle your conveyancing from beginning to end, giving the sort of continuity that you rarely receive from an online conveyancer. Our lawyers will keep you updated as to any developments making sure that you are never in the dark. Should you need to contact the firm you will be sure who you need to speak to and we'll endeavour to make sure that you are in the know.
Do commercial conveyancing searches reveal impending roadworks that could impact a commercial land in Southampton?
Its becoming the norm that commercial conveyancing solicitors in Southampton will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Southampton. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Southampton.
For every commercial conveyancing transaction in Southampton it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Southampton commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Southampton.
I bought my home on 11 February and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Southampton advises it should be recorded in a couple of weeks. Are transfers in Southampton uniquely lengthy to register?
As far as conveyancing in Southampton is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd persons or bodies. As of today approximately 80% of such applications are fully addressed within 12 days but occasionally there can be protracted hold-ups. Historically registration takes place once the new owner has moved in to the property therefore 'speed' is not usually an essential issue yet if it is urgent that the the registration takes place urgently then you or your conveyancer can speak with the land registry and explain the circumstances.
How does conveyancing in Southampton differ for new build properties?
Most buyers of new build residence in Southampton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because house builders in Southampton typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Southampton or who has acted in the same development.
I am looking for a ground for flat up to £195,000 and identified one close by in Southampton I like with open areas and station nearby, however it only has 61 years unexpired on the lease. There is not much else in Southampton suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I own a leasehold flat in Southampton. Conveyancing and Chelsea Building Society mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Southampton who acted for me is not around. Do I pay?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Southampton conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Southampton - Examples of Questions you should ask before buying
-
It would be sensible to discover as much as you can regarding the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day issues like the upkeep of the common parts. Ask other people what they think of their service. On a final note, find out the dates that the service fees are due to the managing agents and specifically what you get for your money. What restrictions are contained in the Southampton Lease? For many Southampton leaseholds the cost for major works tend not to be wrapped into the maintenance charges, although there some managing agents in Southampton obliged leasehold owners to pay into a reserve fund created for the specific intention of building a fund for major repairs or maintenance.