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Find a Totton Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Totton? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Totton home move at risk of delay or failure.

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Recently asked questions about conveyancing in Totton

My grandson is purchasing a newly built flat in Totton with a home loan from Kent Reliance. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?

The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

About to place an offer on a leasehold apartment in Totton. The property agents advise that it is standard for flats in Totton to have less than 75 years remaining. I am taking out a mortgage with Virgin. Will the property be mortgageable given that the lease has 70 years left.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/2/2019 the requirements read as follows :

85 years at the time of completion. If it's less, we require it to be extended on or before completion.

I got the keys to my apartment on 3 June and the transaction details is yet to be registered. Should I be concerned? My conveyancing solicitor in Totton said it should be formalised inside ten days. Are titles in Totton uniquely lengthy to register?

There is nothing unique about conveyancing in Totton registration formalities. As opposed to being determined by geographic area, timescales can vary subject to the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. At present approximately three quarters of such applications are completed in less than three weeks but some can be subject to extensive hold-ups. Historically registration is effected after the new owner is living at the property therefore 'speed' is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.

Is it best to instruct a Totton conveyancing practitioner based in the vicinity that I am buying? We have a good friend who can handle the conveyancing however they are based over three hundred kilometers away.

The benefit of a high street Totton conveyancing firm is that you can attend the office to sign documents, present your identification documents and pester them where appropriate. Having local Totton know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and the majority were happy that must surpass using an unknown Totton conveyancing solicitor solely due to them being based in the area.

Two months into a sale of a flat in Totton. Conveyancing lawyers are doing their job but we are being charged an extortionate amount by the landlord. To date we have paid £295.50 for a leasehold management information and then a further £118 for additional queries raised by the buyers conveyancer.

Neither you or your property lawyer will have any impact over the level of the fee for this information but the average costs for the information for Totton leasehold property is £350. For Totton conveyancing deals it is conventional for the vendor to pay for these charges. The landlord or their agents are under no statutory obligation to address these questions although many will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no law that requires fixed fees for administrative tasks. Nor is there any statutory time limit by which they are duty bound to provide the information.

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