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Recently asked questions about conveyancing in Southbourne

It has been 3 months following my purchase conveyancing in Southbourne concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Southbourne differ for newly converted properties?

Most buyers of new build property in Southbourne approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Southbourne tend to purchase the real estate, 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 conveyancers 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 Southbourne or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a house in Southbourne in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders tend not issue a loan on a flying freehold home.

It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Southbourne. Conveyancing may be slightly more expensive based on your lender's requirements.

What does commercial conveyancing in Southbourne cover?

Southbourne conveyancing for business premises incorporates a broad array of services, supplied by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.

My partner has suggested that I appoint his lawyers for conveyancing in Southbourne. Do I take his advice?

Much as we are happy to recommend a Southbourne conveyancing lawyer it’s preferable to choose a conveyancing practitioner is to have referrals from friends or family who have experience in using the solicitor you're considering.

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Find out more about how flying freehold can affect your the value of a property.