I am looking for value for money conveyancer. Should I go for for a web based conveyancer rather than a family Southampton conveyancing lawyer?
Southampton is a special area, where regional knowledge counts for a lot. The laid-back lifestyle is great – but not when it comes to your house move. The conveyancers that we recommend providing well rounded Southampton intelligence with a proactive, hands-onattitude that helps everything runs smoothly. It is a distinct advantage that they can make use of good connections with mortgage brokers, estate agents, valuers and other Southampton conveyancing solicitors
I'm purchasing my first flat in Southampton with the aid of help to buy. The sellers refused to move on the price so I negotiated 6k of extras instead. The sale representative advised me not to tell my solicitor about this extras as it may jeopardize my loan with Leeds Building Society. Is this normal?.
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.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one close by in Southampton I like with open areas and transport links nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything 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 that many years will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
Taking into account that I am about to spend hundreds of thousands of pounds on a garden flat in Southampton I wish to talk to a lawyer about myhouse move in advance of appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be conducting your conveyancing in Southampton.There is no ‘factory style conveyancing’ - each client is unique person, not a case reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Southampton should be the amount on the final invoice that you are charged.
My partner has recommend that I use his conveyancing solicitors in Southampton. Do I take his recommendation?
No doubt the ideal way to select a conveyancing lawyer is to seek referrals from friends or family who have experience in using the solicitor that you are considering.
Do you have any top tips for leasehold conveyancing in Southampton from the point of view of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Southampton can be reduced where you get in touch lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation needed by the purchasers’ lawyers. If you have had conflict with your landlord or managing agents it is very important that these are settled before the property is marketed. The buyers and their solicitors will be concerned about purchasing a property where there is a current dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to present the dispute as over as opposed to ongoing. Many freeholders or Management Companies in Southampton levy fees for providing management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Southampton. If you have carried out any alterations to the premises would they have required Landlord’s permission? In particular have you installed wooden flooring? Southampton leases often stipulate that internal structural changes or laying down wooden flooring require a licence from the Landlord acquiescing to such alterations. If you fail to have the approvals in place you should not contact the landlord without contacting your solicitor first.
Leasehold Conveyancing in Southampton - A selection of Queries before buying
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Make sure you find out if the the lease contains any adverse restrictions in the lease. For instance it is fairly common in Southampton leases that pets are not allowed in in a block in Southampton. If you like the apartmentin Southampton but your cat is not allowed to live with you then you have a very hard compromise. The best form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this situation the tenants have being in charge if their destiny and even though a managing agent is often retained where it is larger than a house conversion, the managing agent acts for the leaseholders themselves. The answer will be important as a) areas may cause problems for the building as the communal areas may begin to deteriorate if maintenance remain unpaid b) if the tenants have an issue with the running of the building you will wish to have full disclosure