I am buying a newly constructed duplex in Eastleigh and my solicitor is advising me that she is duty bound to the mortgage company to reveal incentives from the developer. I am on a tight deadline to sign contracts and I would rather not prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My uncle pointed out to me me that in purchasing a property in Eastleigh there may be a number of restrictions prohibiting external changes to a property. Is this right?
There are a number of properties in Eastleigh which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Eastleigh should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Eastleigh bank branch on various occasions and was told it wasn't a problem and they would lend. My Eastleigh conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The lawyer has to comply with the Council of Mortgage Lenders’ Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Virgin Money have agreed my home loan in principle, my offer on a house in Eastleigh has been accepted, now what?
Your estate agent will wish to know who your solicitors are (be sure the solicitors are on the bank’s panel). Contact Virgin Money or your financial adviser and finish off any relevant paperwork. Virgin Money will instruct a valuer who will get in contact with the estate agent or vendor to arrange a time for the valuation to happen. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Virgin Money will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Eastleigh.
What will a local search reveal concerning the house I am buying in Eastleigh?
Eastleigh conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search plays a central part in most Eastleigh conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
I used Wolstenholmes several years ago for my conveyancing in Eastleigh. I now require my papers however the law firm is no longer operating. What do I do?
Do contact 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 Eastleigh of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Eastleigh is where the house is located. Can you offer any advice?
Flying freeholds in Eastleigh are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Eastleigh you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eastleigh may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
As co-executor for the will of my father I am disposing of a residence in Neath but live in Eastleigh. My conveyancer (who is 200 kilometers awayhas requested that I execute a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Eastleigh who can attest and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Eastleigh based