AssumingI was to acquire a straightforward propertyin Bitterne mortgage fee and have no survey and no local authority searches how much should I expect to to save on my conveyancing in Bitterne?
The sole reduction in fees you would make on is the disbursement for searches. A lawyer is required to do the vast majority of work - money laundering, liaising with the sellers solicitor, SDLT return, register the property etc. You might save a bit for them not needing to register a mortgage but it won't be significant.
How up to date is your search tool for Bitterne conveyancing solicitors on the Aldermore conveyancing panel? Do Aldermore send you an updated list?
Bitterne conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
I am close to exchanging contracts on the sale of our property in Bitterne and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Bitterne conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Bitterne. Having lived in Bitterne for six years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Bitterne differ for new build properties?
Most buyers of new build premises in Bitterne contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Bitterne tend to purchase the land, 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 conveyancers 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 used to new build conveyancing in Bitterne or who has acted in the same development.
Last September I purchased a leasehold property in Bitterne. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner 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. A critical element of leasehold conveyancing for your conveyancer to ensure 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).
Bitterne Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
What is the name of the managing agents? On the whole the outlay for major works tend not to be incorporated into the maintenance charges, albeit that some managing agents in Bitterne obliged leasehold owners to contribute towards a sinking fund and this is used to offset against larger works. Be sure to investigate if the the lease includes any onerous restrictions in the lease. For example some leases prohibit pets being permitted in certain buildings in Bitterne. If you love the propertyin Bitterne however your cat is not allowed to make the move with you then you will be faced difficult decision.