My bid for a property was accepted at auction in Sandbanks. Conveyancing is required. What are my next steps?
Having exchanged you should choose a conveyancing solicitor quickly as you will have a tight a drop dead date to complete the conveyancing. All auction property will ordinarily have a bespoke auction set of papers. This will include most,if not all of the paperwork that your solicitor will need. Where you are dealing with leasehold premises the legal papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You should hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are in place to complete on the date specified in the contract.
After shopping around on the internet I have found a Sandbanks solicitor having made sure that they are on the Nottingham conveyancing panel. Does my lawyer arrange the survey of the property?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Sandbanks postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Sandbanks.
Leeds Building Society have agreed my home loan in principle, my bid on a property in Sandbanks has been accepted, now what?
Your estate agent will wish to be advised as to your conveyancer's details (ensure that the conveyancing practitioners are on the lender’s panel). Call up Leeds Building Society or the financial adviser and finalise any outstanding forms. Leeds Building Society will instruct a valuer who will get in touch with the estate agent or vendor to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes about a fortnight to get a mortgage offer. Leeds Building Society will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Sandbanks.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when buying a property in Sandbanks?
Unless a previous purchase of the house took place after 12 October 2013 you may expect lawyers conducting conveyancing in Sandbanks to continue to advocate a chancel search and or chancel repair liability insurance.
I used Arc property Solicitors several years past for my conveyancing in Sandbanks. I now require my papers however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sandbanks of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Sandbanks I like with amenity areas and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Sandbanks suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I am purchasing a maisonette with all finances in place. I have provided solicitor with two separate evidence of photo ID, bank statement, endless utility bills. Now he wants a copy from a probate lawyer acknowledging that the funds are in place and that it has come from inheritance and not selling fake DVD.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Sandbanks conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.