We see that you have a post code search directory listing law firms on the Aldermore conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Southsea?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Southsea.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Southsea. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/1/2023, the requirements read as follows :
My wife and I are purchasing a flat in Southsea. It might be a silly question but how we can trust a solicitor? At some point we have to deposit our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Two weeks ago we had a mortgage agreed in principle with Skipton. Southsea conveyancing solicitors are appointed. What is the average time that one could expect to receive a mortgage offer from Skipton?
There is no definitive answer here. Have Skipton done the valuation? Have you advised Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Planning on purchasing a maisonette in Southsea. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Southsea conveyancer is on the Kent Reliance conveyancing panel.
My friend suggested that where I am purchasing in Southsea I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Southsea conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Southsea around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Southsea Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information concerning Southsea.
What tools are available to identify a Southsea law firm on the Accord Mortgages Ltd conveyancing panel? I am a keen cyclist and am happy to travel upto 10miles to meet the conveyancer.
You can use the search on this website. Please select a mortgage company and your location and you will see a number of Southsea conveyancing lawyers based on proximity. We have listed some Southsea conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Accord Mortgages Ltd panel
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have subsequently found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Southsea. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
Most houses in Southsea are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Southsea in which case you should be looking for a Southsea conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is part of an estate. Your solicitor will appraise you on the various issues.
I own a 1st floor flat in Southsea, conveyancing having been completed 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Southsea with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2076
With just 53 years remaining on your lease we estimate the premium for your lease extension to be between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.