We have a mortgage agreed in principle with UBS. Bournemouth conveyancing solicitors have been selected. How long does it take for UBS to issue the offer to the property lawyer?
Some lenders take longer than others. Have UBS completed the valuation? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I'm spending time viewing flats in Bournemouth and I am now considering a potential offer. Should I already have a conveyancer appointed at this stage? I intend to finance via a mortgage with Yorkshire BS.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. As you are getting a mortgage with Yorkshire BS, ask your prospective lawyers if they are on the Yorkshire BS conveyancing panel otherwise they can't do the mortgage legal work.
My offer on a house in Bournemouth has been agreed to, but there is a chain. The vendors have offered on a flat, but it’s not yet agreed to, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Bournemouth. What should be my next step? When do I get the mortgage application with TSB going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then valuation, Bournemouth conveyancing search costs, etc). First, you must check that your conveyancer is on the TSB approved list. As to the next steps this very much dictated by the specifics of your transaction, attraction to the property and on the state of the market. During a hot market many buyers would apply for a home loan with TSB and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to move forward with the conveyancing in Bournemouth.
3 months have elapsed following my purchase conveyancing in Bournemouth took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a house in Bournemouth ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend refuse to give a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you contact us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bournemouth. Conveyancing may be slightly more expensive based on your lender's requirements.
In what way does the Landlord & Tenant Act 1954 affect my commercial property in Bournemouth and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial tenants, giving them the legal entitlement to make a request to court for a renewal tenancy and continue in occupation at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and help with commercial conveyancing in Bournemouth
I am using a search engine for the phrase on line conveyancing in Bournemouth it shows results of numerous solicitorslocally. How do I determine which is the right conveyancer for me?
The ideal method of seeking the right conveyancer is via personal referral, so ask friends and those you trust who have acquired a property in Bournemouth or a local estate agent or mortgage broker. Fees for conveyancing in Bournemouth vary, so it's a good idea to secure a minimum of four quotes from varying types of law firms. Make sure that you know that the charges are guaranteed not to escalate.