Completed the sale of my flat in Waterlooville last August yet the purchaser is telephoning me to say her solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities following completion?
After completion of your sale your solicitor is duty bound to forward the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where relevant, your lawyer should also confirm that the mortgage has been redeemed to the purchasers solicitors. There are no post completion procedures just for conveyancing in Waterlooville.
I am considering applying for a HSBC mortgage for purchase of a newly converted (under development) in Waterlooville with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
There is nothing to stop you using your solicitor, but HSBC will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am the single beneficiary of my late father’s will and I have everything in my name alone, including the house in Waterlooville. Conveyancing formalities meant that the Land Registry date was in August. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership may be treated the same way as though I had purchased the house in August. Is the property unsalable for six months?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. How practical a view mortgage companies take of it, depend on the lender as this obligation is principally there to capture subsales or the flipping of properties.
I have a mortgage with TSB for my property in Waterlooville. Conveyancing has been completed a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?
Your original mortgage agreement with TSB will provide that you need their approval prior to letting out your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. You need not do this via a TSB conveyancing panel lawyer.
I have finally had an offer on an apartment in Waterlooville agreed to, the vendors do nevertheless have a tied purchase. The vendors have placed an offer on somewhere, but it’s not been accepted yet, and have viewings of other apartments in the pipeline. I have instructed a nearby conveyancing solicitor in Waterlooville. What do I do now? When do I get the mortgage application with Skipton going?
It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is approx one thousand pounds, then survey, Waterlooville conveyancing search costs, etc). First, you should ensure that your conveyancer is on the Skipton conveyancing panel. Concerning the next stages this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. During a buoyant market many home buyers would apply for the mortgage with Skipton and arrange for the valuation and only if it comes back ok would they request their conveyancer to press on with searches.
My relative recommended that if I am buying in Waterlooville I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Waterlooville conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Waterlooville around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Waterlooville 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 plans and statistics, Local Amenities and other useful information concerning Waterlooville.
My company is looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Waterlooville for under £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Waterlooville, including the sale and acquisition of businesses as well as simply property. Whether you are looking to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right firm. Regarding the fees these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or phone us so that we may provide you with a fixed commercial conveyancing quote.
What is the reason for new build conveyancing in Waterlooville being more expensive?
Acquiring a brand new property is significantly different from the standard house buying conveyancing in Waterlooville. Firstly sellers ordinarily demand contracts to exchange very quickly, so there is a a great deal of pressure on your property lawyer to make sure all is in order. Furthermore new build premises often involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.