I have given 2 months notice to my existing landlord and must be out of my rented apartment in Sandown by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as don't want to have to move into temporary accommodation?
It is unwise to give notice on a rental unless exchange of contracts has taken place. If you have not already done so, contact to your lawyer and ask them to they cajole the other side, try to get a realistic time scale from them that all parties will work towards
Due to the guidance of my in-laws I had a survey completed on a property in Sandown ahead of instructing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will refuse to grant a loan on such a house.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sandown. Conveyancing will be smoother if you use a solicitor in Sandown especially if they are acquainted with such properties in Sandown.
Given that I will soon part with over three hundred thousand on a property in Sandown I wish to have a conversation with the conveyancer about myhome move in advance of giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you first talking to the lawyer due to be doing your property ownership legalities in Sandown.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter reference. The practices that we put you in touch with believe that the figure you are provided with for residential conveyancing in Sandown should be the amount on the final invoice that you end up paying.
My father has recommend that I appoint his conveyancing solicitors in Sandown. Should I use them?
No doubt the ideal way to find a conveyancing practitioner is to seek feedback from friends or family who have used the firm that you are contemplating using.
Can you offer any advice when it comes to finding a Sandown conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Sandown conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Sandown conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
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What are the costs for lease extension work? If the firm is not ALEP accredited then what is the reason?
Sandown Leasehold Conveyancing - A selection of Questions you should consider Prior to buying
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How is the lease structured? How long is the Lease? It would be wise to find out as much as possible about the company managing the block as they can either make your living at the property much easier or uncomfortable. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to practical matters such as the upkeep of the common parts. Ask prospective neighbours if they are happy with them. Finally, be sure you understand the dates that you are obliged pay the maintenance charge to the relevant party and precisely how they are spending the funds.
My nephew is just in the process of moving house, he had his mortgage in principle. After the seller agreed the offer on the house we rang the bank to move forward with his. I was shocked to discover that mortgage companies do not accept all solicitor, they have to be on a list, is this correct?
Banks normally imposes restrictions either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Sandown property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.