I have given 2 months notice to my current landlord and have to leave my let out property in Porthleven by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as don't want to have to find short term accommodation?
It is unwise to provide notice for your tenancy until you have exchanged. Assuming that you have not already done so, speak to your solicitor and ask them to they cajole the other solicitors, try to get a realistic time scale from them that all parties will aim to achieve
My wife and I are buying a apartment in Porthleven. I might seem paranoid but how we can trust a conveyancer? On completion day we have to deposit money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My bid for a property was accepted at auction in Porthleven. Conveyancing is required. What are my next steps?
Now that you are for all intents and purposes signed on the dotted line you must retain a conveyancing solicitor soon as you are faced with a pending a fixed date to complete the deal. All auction property will ordinarily have a bespoke legal set of papers. This will include most,if not all of the paperwork that your conveyancer will need. Where you are dealing with leasehold property the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You should give this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are organised to complete on the on the contractual date .
When it comes to lenders such as Lloyds, do Porthleven conveyancing practitioners incur a yearly amount to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Me and my brother have a renovated Edwardian house in Porthleven. Conveyancing practitioner represented me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Porthleven and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing practitioner who carried out the work.
How does conveyancing in Porthleven differ for new build properties?
Most buyers of new build or newly converted property in Porthleven come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Porthleven tend to buy the land, 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 used to new build conveyancing in Porthleven or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Porthleven is where the house is located. Can you offer any advice?
Flying freeholds in Porthleven are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Porthleven you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Porthleven may decide 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.