I have given 2 months notice to my current landlord and must vacate my let out property in Eastney and Southsea by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in three weeks as don't want to have to find temporary accommodation?
Generally one should not provide notice on a rental unless your lawyer suggests that you should. If you have not previously done so, speak to your conveyancer and urge them to they chase the other solicitors, try to get a realistic time scale from them that everyone will look to achieve
I happen to be the single beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Eastney and Southsea. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership could be treated the same way as if I'd bought the house in January. Do I have to wait half a year to sell?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some mortgage companies would take a sensible view as this provision is chiefly there to pick up on subsales or the flipping of property.
My wife and I are at the point of viewing houses in Eastney and Southsea and I am now considering a potential offer. Should I already have a solicitor appointed at this point? I am planning to take a mortgage with RBS.
It would be advisable to commence your search sooner rather than later. 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 contact information on to the estate agent. As you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
About to purchase apartment in Eastney and Southsea. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Eastney and Southsea lawyer is on the Nationwide conveyancing panel.
Due to the guidance of my in-laws I had a survey completed on a property in Eastney and Southsea prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will not issue a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Eastney and Southsea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eastney and Southsea to see if the conveyancing will be more expensive.
My husband and I are FTB’s - had an offer accepted, but the property agent advised that the vendor will only go ahead if we appoint their preferred conveyancers as they need an ‘expedited deal’. We would rather use a high street solicitor accustomed to conveyancing in Eastney and Southsea
We suspect that the owner is unaware of this ultimatum. Should the vendor require ‘a quick sale', alienating a genuine buyer is likely to cause more damage than good. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Eastney and Southsea conveyancing lawyers - not the ones that will earn their estate agent a commission or hit his conveyancing figures set by corporate headquarters.
I need to assess costs for conveyancing in Eastney and Southsea from numerous solicitor and decide on one. Am I right to get them to sit tight until I have found somewhere to acquire.
We would recommend that you wait to request your conveyancing practitioner to commence work and order searches after the sales memo has been sent by the estate agent especially as Eastney and Southsea conveyancing searches are not cheap.