We see that you have a post code search directory listing law firms on the Co-operative conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Eastney and Southsea?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Eastney and Southsea.
I'm converting the mortgage on my primary property to a BTL loan with Leeds Building Society and intend to use the remaining equity as a deposit on a second house. The area we are talking about is Eastney and Southsea. Will your solicitors be able to act for the two lenders and tie in the two deals?
Make use of our comparison tool on this site to be sure that the solicitors are approved by both mortgage companies. On the basis that they are your solicitor should be able to connect the two deals but you should talk with you solicitor and specify your expectations and needs.
In my capacity as executor for the will of my grandmother I am disposing of a residence in Newport but I am based in Eastney and Southsea. My solicitor (who is 235 miles awayneeds me to sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing solicitor in Eastney and Southsea who can witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Eastney and Southsea based
Do you have any advice for leasehold conveyancing in Eastney and Southsea from the perspective of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Eastney and Southsea can be avoided if you instruct lawyers as soon as you market your property and ask them to collate the leasehold documentation which will be required by the buyers’ lawyers. If you have the benefit of shareholding in the Management Company, you should make sure that you have the original share document. Obtaining a new share certificate can be a time consuming formality and frustrates many a Eastney and Southsea home move. If a duplicate share certificate is needed, you should approach the company officers or managing agents (where applicable) for this as soon as possible. If you have had conflict with your landlord or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a flat where a dispute is unsettled. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic as opposed to unsettled. Some Eastney and Southsea leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. If you have carried out any alterations to the property would they have required Landlord’s approval? Have you, for example laid down wooden flooring? Eastney and Southsea leases often stipulate that internal structural changes or addition of wooden flooring require a licence issued by the Landlord consenting to such alterations. Where you fail to have the paperwork to hand do not communicate with the landlord without checking with your lawyer first.
I acquired a 1st floor flat in Eastney and Southsea, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Eastney and Southsea with a long lease are worth £185,000. The ground rent is £65 yearly. The lease terminates on 21st October 2079
With only 61 years unexpired we estimate the price of your lease extension to be between £19,000 and £22,000 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
I've found a house that appears to be perfect, at a great figure which is making it all the more appealing. I have just found out that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Eastney and Southsea. Conveyancing solicitors have are about to be appointed. Will they explain the issues?
Most houses in Eastney and Southsea are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Eastney and Southsea in which case you should be looking for a Eastney and Southsea conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your solicitor will appraise you on the various issues.