The mortgage offer from NatWest for the refinancing of my 3 room flat is expected any day now. Are you able to propose a low cost conveyancing law firm in Portsmouth?
You have come to the wrong site to search for the lowest fares for conveyancing solicitors in Portsmouth. We can offer you value for money conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing companies teasing you with low cost conveyancing in Portsmouth. The optimum result, in deciding on low cost conveyancing, you will earn what you pay for and at worst you will end up paying a lot in additional fees and still not end up with the service expected.
We were just about to exchange contracts for a garden flat in Portsmouth. We have hit a snag. Our mortgage offer with Bank of Ireland expires on 25/3/2025 but the sellers are insisting on a completion date of 27/3/2025. Can one prolong the mortgage expiry date?
The person best placed to address this concern is your conveyancer who will hopefully assess whether he or she is better off negotiating with the bank, seller’s solicitors, selling agents or possibly all three based on what has gone on in your house move as of today.
I purchased a freehold house in Portsmouth yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Portsmouth and has limited impact for conveyancing in Portsmouth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I'm buying a new build house in Portsmouth with the aid of help to buy. The builders refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about this deal as it could affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it true that a Portsmouth conveyancing company taken to court by clients for failing to conduct the appropriate conveyancing searches?
Our attention has not be brought to such a Portsmouth conveyancing matter but it has been reported that, clients buying a property in Cumbria successfully won a case against their conveyancing practitioner due to development permission to construct a wind farm failing to be identified in conveyancing searches.
Where you are buying in Portsmouth It is important that your property lawyer conduct all Portsmouth conveyancing searches required making sure that you have accurate and current information ahead of acquiring a property.