Our mortgage company has suggested a law firm on their panel based in Lee On The Solent but I would rather use a conveyancing lawyer in Lee On The Solent or nearer to where I live. Can you assist?
The minority of Lee On The Solent conveyancing solicitors are listed all banks conveyancing panel. Do make use of the above find an approved solicitor tool to locate a Lee On The Solent conveyancing conveyancer on the on the bank panel.
Will my solicitor be asking questions about flooding as part of the conveyancing in Lee On The Solent.
Flooding is a growing risk for conveyancers dealing with homes in Lee On The Solent. Plenty of people will acquire a house in Lee On The Solent, completely aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to offer advice on flood risk, but there are a various searches that can be undertaken by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Lee On The Solent. The standard property information forms given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the vendor to find out if the premises has suffered from flooding. If the residence has been flooded in past which is not revealed by the vendor, then a buyer could bring a claim for damages as a result of such an misleading reply. A buyer’s conveyancers should also commission an enviro search. This will disclose whether there is any known flood risk. If so, additional investigations should be conducted.
How does conveyancing in Lee On The Solent differ for new build properties?
Most buyers of new build or newly converted property in Lee On The Solent come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Lee On The Solent usually acquire the site, 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 conveyancing solicitors 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 Lee On The Solent or who has acted in the same development.
I have been on the look out for a flat up to £305k and found one near me in Lee On The Solent I like with amenity areas and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Lee On The Solent for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease will be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
A licensed conveyancer handled my conveyancing in Lee On The Solent three years ago having archived my title documents but has now closed – What can I do to get hold of these?
Title deeds, as such, are no longer appropriate for the majority of properties in Lee On The Solent are archived electronically at Land Registry. Where you need to prove ownership or are selling or re-mortgaging your conveyancer can obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to firstname.lastname@example.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.