This question may be naive but I am new to the home moving as a 1st time purchaser of a garden flat in Eastney and Southsea. Do I collect the keys to the house on completion from my lawyer? If this is the case, I will instruct a local conveyancing solicitor in Eastney and Southsea?
On the day of completion you do not need to attend the conveyancers office in Eastney and Southsea. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s solicitors, and once they have received this, you will be invited to collect the keys from the property Agents and move into your new home. Usually this happens early afternoon.
My wife and I purchasing a victorian detached house in Eastney and Southsea. Our aim is to convert the garage to a playroom at the house.Will the conveyancing process include investigations to see if these works are prohibited?
Your property lawyer should review the deeds as conveyancing in Eastney and Southsea will sometimes reveal restrictions in the title documents which prohibit categories of works or require the consent of another owner. Many extensions call for local authority planning consent and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
Two weeks ago we had a mortgage agreed in principle with Santander. Eastney and Southsea conveyancing lawyers are appointed. How long does it take for Santander to issue the offer to the solicitor?
There is no definitive answer here. Have Santander completed the survey? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
How does conveyancing in Eastney and Southsea differ for new build properties?
Most buyers of new build premises in Eastney and Southsea contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Eastney and Southsea usually acquire 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 Eastney and Southsea or who has acted in the same development.
I decided to have a survey done on a house in Eastney and Southsea in advance of instructing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies will not grant a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eastney and Southsea. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Eastney and Southsea and I am already nervous. I couldn't find anything specific about Eastney and Southsea. Conveyancing will be needed in due course but do you know about the Eastney and Southsea area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Eastney and Southsea. In the meantime here are some basic statistics that we found
Our lawyer in Eastney and Southsea has identified a defect with the lease for the flat we are buying in Eastney and Southsea. The other side have put forward title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is the lender?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Eastney and Southsea conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions must be adhered to by the mortgage company conveyancing panel who has to balance acting for you and the bank