I am hoping to receive a offer of a home loan from Lloyds. I would like to instruct a Licensed Conveyancer in Southampton. Does the Lloyds Conveyancing panel include conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Can the conveyancing solicitors to be found on your site execute auction conveyancing in Southampton?
We know of a number of auction lawyers we can connect you with those conducting auction conveyancing. Southampton is just one of hundreds of areas of where our lawyers cover.
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 process of conveyancing 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'm purchasing my first flat in Southampton with the aid of help to buy. The builders refused to reduce the price so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my solicitor about the side-deal as it will adversely affect my mortgage with The Mortgage Works. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am looking for a flat up to £245,000 and identified one close by in Southampton I like with a park and railway links nearby, the downside is that it only has 52 years on the lease. I can't really find anything else in Southampton in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
What makes your site different to other web based conveyancing solicitors for conveyancing in Southampton?
At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Southampton. As opposed to estate agents and brokerage sites we do not charge firms a commission if you select them for your property ownership legalities in Southampton