I am acquiring a maisonette in Southsea. My property lawyer has never been on on the mortgage company solicitor panel. Am I still permitted to appoint my Southsea conveyancing solicitor notwithstanding that they are excluded from the bank panel of approved conveyancing solicitors?
You must appoint a conveyancing practitioner to deal with the legal work required when you need a loan to buy your property. They will carry out all the appropriate due diligence on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage documentation is in order. One could appoint a Southsea lawyer of your choice. Nevertheless, where the property lawyer appointed is not a member of the mortgage company approved list supplemental charges will arise as separate legal representation will be need by the bank. Lender panel applications can be submitted, so where your lawyer has not historically sought membership they should take the opportunity to apply.
I got the keys to my flat on 10 February and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Southsea said it should be formalised inside ten days. Are properties in Southsea uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Southsea registration formalities. Rather than based on location, timeframes can differ depending on who lodges the application, whether there are errors and whether the Land registry communicate with any third persons or bodies. As of today in the region of 80% of submission are fully dealt with within two weeks but some can be subject to longer hold-ups. Historically registration occurs after the purchaser is living at the premises thus 'speed' is not usually top priority but if there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.
I am buying a new build house in Southsea benefiting from help to buy. The builders would not move on the amount so I negotiated £7000 of extras instead. The sale representative told me not to tell my solicitor about the deal as it would put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the input of my in-laws I had a survey completed on a house in Southsea prior to appointing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies may not give a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Southsea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Southsea to see if the conveyancing costs will increase in light of this.
My business partner and I are intending to take an assignment of a lease of an office on the high street. Can you recommend solicitors offering competitive charges for non-domestic conveyancing in Southsea for under £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Southsea, including the sale and purchase of businesses as well as simply premises. If you are looking to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. As for the fees these will vary based on the structure and terms of the deal. Please provide us with your contact information or phone so as to enable us to supply you with a detailed commercial conveyancing calculation.
I need to instruct a conveyancing practitioner in Southsea for my house move. Can I check a solicitor's record with the legal regulator?
Members of the public may search for published Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could recorded call for training requirements.