I am need of leasehold conveyancing for a flat in a relatively new development (five years old) in Eastleigh. The vast majority the flats are already occupied. Do I need carry out the conveyancing searches for my conveyancing in Eastleigh?
A big part of the Eastleigh legal transfer of property is the conveyancing searches. There are a large number of search providers delivering Eastleigh conveyancing searches, as well direct from the local authority. These are usually referred to as personal search providers due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authority.
I am planning to move home in April. Should my conveyancing solicitor update the removal company on the day of completion. As an aside, can you put forward a removal company in Eastleigh. Conveyancing lawyer was organised prior to coming across this website.
On the day of completion you can collect the house keys from your estate agent but this should only occur once the previous owners solicitors inform the agent that they have the completion monies and the keys can be collected. You should tell the removal men that they can start moving you in. We are not in a position to recommend a particular removal organisation but can help you locate a conveyancing in Eastleigh or a firm with expertise in conveyancing in Eastleigh.
I have paid off my mortgage with Virgin Money. I assume I don't need a Eastleigh lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Eastleigh off the council. I have a mortgage agreed with Clydesdale. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
I need some fast conveyancing in Eastleigh as I have a deadline to sign on the dotted line in less than one month. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?
As you are not taking a mortgage you are at liberty not to do searches although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Eastleigh the following are examples of issues that can arise and therefore impact the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Unadopted Roads,...
It has been 4 months since my purchase conveyancing in Eastleigh concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 asset 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.
I own a leasehold flat in Eastleigh. Conveyancing was finished in 21012. I have been told that I mustn’t allow the the remaining lease term to fall too low. Is this right?
Eastleigh leasehold properties are for a fixed period - normally just under one hundred years when they commenced. However a significant flats in Eastleigh were constructed or converted 25 or more years ago and so such leases now have fewer than 80 years unexpired. That may seem like a long time however Banks, Building Societies and other mortgage institutions tend to require leases to have a minimum of 75 years left to adequate security. This means that when you come to sell the property you will need a lease extension if you are getting close to 75 years. To increase the marketability of your property you should be thinking about whether or not to extend your lease long before you come to sell it. Please note that there are strong financial reasons to doing so before the lease reaches even eighty years as when the lease falls below eighty years the premium you have to pay to extend starts to get a lot more expensive.