It is a dozen years since I acquired my property in Lee On The Solent. Conveyancing lawyers have just been appointed on the sale but I am unable to track down the deeds. Is this a problem?
Don’t worry too much. Firstly the deeds may be kept by the mortgage company or they could be in the possession of the conveyancers who handled the purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. Most conveyancing in Lee On The Solent relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
What is your number one tip for choosing a conveyancing solicitor in Lee On The Solent
It would be unwise to be tempted by the lowest Lee On The Solent conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Bank of Ireland have agreed my home loan in principle, my offer on a flat in Lee On The Solent has been agreed to, now what?
Your property agent will wish to know who your solicitors are (be sure the property lawyers are on the lender’s panel). Call up Bank of Ireland or the broker and finish off any appropriate documentation. Bank of Ireland will sellect a valuer who will get in contact with the selling agent or owners to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes about a fortnight to receive the mortgage offer. Bank of Ireland will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Lee On The Solent.
I have finally had an offer on a flat in Lee On The Solent accepted, the sellers do however have a tied purchase. The sellers have put an offer on a flat, but it’s not been accepted yet, and have viewings of other flats in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Lee On The Solent. What should be my next step? When do I get the mortgage application with HSBC started?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Lee On The Solent conveyancing search charges, etc). First, you should check that your solicitor is on the HSBC conveyancing panel. As to the subsequent steps this very much depends on the specifics of your case, attraction to the property and on the state of the market. In a rising market many purchasers will apply for the mortgage with HSBC and arrange for the valuation and only if it comes back ok would they request their solicitor to proceed with the conveyancing in Lee On The Solent.
I'm refinancing my current home to a buy to let loan with Britannia and intend to use the remaining equity towards a second house. The neighborhood we are looking at is Lee On The Solent. Will your lawyers be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our search tool on this site to be sure that the conveyancers are approved by both banks. On the basis that they are the solicitor will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and specify your expectations and needs.
Is it best to go with a Lee On The Solent conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can conduct the legal formalities but his firm is located 300kilometers away.
The benefit of a local Lee On The Solent conveyancing practice is that you can attend the office to execute documents, hand in your identification documents and pester them where appropriate. They will also have local intelligence which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were impressed that should outweigh using an unfamiliar Lee On The Solent conveyancing lawyer just because they are Lee On The Solent based.
What are your top tips when it comes to choosing a Lee On The Solent conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for lease extension works (regardless if they are a Lee On The Solent conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Lee On The Solent conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
-
Can they put you in touch with clients in Lee On The Solent who can give a testimonial?
I purchased a 2 bed flat in Lee On The Solent, conveyancing was carried out May 2007. How much will my lease extension cost? Equivalent flats in Lee On The Solent with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 2093
With 67 years remaining on your lease we estimate the price of your lease extension to range between £10,500 and £12,000 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive 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 considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.