I am purchasing a right to buy a flat in Verwood. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Verwood you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Verwood.
I am close to exchanging contracts on the sale of our property in Verwood and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Verwood conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a national conveyancing practice as opposed to a conveyancing solicitor in Verwood. We have lived in Verwood for many years we know of no issue. Do we contact our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I decided to have a survey done on a house in Verwood before instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may not issue a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Verwood. Conveyancing will be smoother if you use a solicitor in Verwood especially if they are familiar with such properties in Verwood.
I'm refinancing my existing house to a buy to let loan with Nottingham Building Society and I will use the ballance of the raised equity as a down payment on a second property. The area we are interested in is Verwood. Will your conveyancers be able to act for the two lenders and link together the conveyances?
Make use of our comparison tool on this page to check that the conveyancers are approved by both lenders. Having checked that they are the solicitor should be able to tie up the two deals but you should have a chat with you solicitor and make clear your desired outcome and needs.
My wife and I purchased a leasehold house in Verwood. Conveyancing and The Royal Bank of Scotland mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Verwood who acted for me is not around. What should I do?
First contact the Land Registry to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Verwood conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Verwood Leasehold Conveyancing - Examples of Queries Prior to Purchasing
How many of the leaseholders are in arrears for their maintenance charge payments? Be sure to find out if there are any onerous prohibitions in the lease. For example it is fairly common in Verwood leases that pets are not permitted in certain buildings in Verwood. If you like the propertyin Verwood yet your dog can’t move with you then you will be faced hard compromise. Who are the managing agents?