How do I find the right lawyer who will supply a quality service for my conveyancing in Southampton?
First ask relatives who they would recommend.
Second, use a comparison service on the internet for conveyancing in Southampton. Phone a couple or more firms listed and request that they email you their conveyancing estimate and discuss your needs with the solicitor who will oversee your legal process in advance ofmaking your choice.
Third is to make use of our search tool to help you find the right lawyers for you based on your personal requirements including area of the property,timings, complexity and who your intended mortgage company is. Do not be fooled by ninety nine pound conveyancing in Southampton
Can I use your services to locate a Conveyancing solicitor in Southampton even if I’m not purchasing or selling a house, for instance if I wish to acquire a shop in Southampton with a mortgage from Virgin Money?
Our search tool is predominantly used to help choose domestic conveyancing solicitors in Southampton but we have listed at the bottom of this page a selection of Southampton commercial conveyancing firms. You should enquire with the firm directly to check if they are also authorised to represent Virgin Money
I have been told that property searches are the primary reason for delay in Southampton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Southampton.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Southampton I like with open areas and railway links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Southampton suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they start the process of the extension and then assign 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 matter.
I am employed by a reputable estate agency in Southampton where we have experienced a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Southampton conveyancing firms. Can you clarify whether the vendor of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a ground floor flat in Southampton, conveyancing formalities finalised 5 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Southampton with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 yearly. The lease terminates on 21st October 2081
With just 60 years remaining on your lease the likely cost is going to span between £20,000 and £23,000 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
I am purchasing a maisonette with all finances in place. I have provided solicitor with 2 separate proof of photographic identification, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer acknowledging that the funds are in order and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Southampton conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering laws.