I am getting a mortgage offer from Santander. I hope to use a Licensed Conveyancer in Waterlooville. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Can the conveyancing solicitors revealed through your search tool conduct right to buy conveyancing in Waterlooville?
We do have plenty of conveyancing lawyers carrying out right to buy conveyancing work Please call us in order to secure a costs illustration.
At what point can the exchange of contracts occur in purchase conveyancing in Waterlooville and am I required to attend the solicitors branch?
If you are local to our conveyancing solicitors in Waterlooville you are welcome to attend to sign contracts. That being said, the law practices we recommend supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you digitally. The signing of the sale agreement is not when everything is set in stone. A signed contract is necessary for the firm to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Waterlooville)to be in the office at the appropriate time.
How does conveyancing in Waterlooville differ for new build properties?
Most buyers of new build property in Waterlooville contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Waterlooville typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Waterlooville or who has acted in the same development.
My husband and I are first time buyers - had an offer accepted, yet the estate agent advised that the seller will only issue a contract if we appoint their recommended lawyers as they are insisting on a ‘quick sale’. We would rather use a local conveyancer with experience of conveyancing in Waterlooville
It is unlikely the vendors are driving this. Should the owner require ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Waterlooville conveyancing lawyers - rather thanthose that will give their negotiator at the agency a referral fee or hit his conveyancing targets demanded by corporate headquarters.
Last March I purchased a leasehold flat in Waterlooville. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a 2 bed flat in Waterlooville, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Waterlooville with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 per annum. The lease expires on 21st October 2076
With only 54 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 plus legals.
The figure 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 comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.