Me and my partner are about to complete buying a house in Shanklin but as a result of wreckage from a small fire at the property I have managed to agree compensation from the owner in the sum of three thousand pounds taking the form of a reduction in the price. This was going to be addressed as part of amending the contract but Santander will not permit this. Why were they involved?
Your property lawyer that is on a Santander conveyancing panel is obliged to advise Santander of any variations to the sale price. If you were to refuse your conveyancer to notify the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancing practitioner for your conveyancing in Shanklin.
We are due to move house in March. Will my conveyancing solicitor call the removal company on the completion day. As an aside, can you suggest a removal company in Shanklin. Conveyancing firm was organised before I stumbled across this website.
On the afternoon of completion you can collect the keys from your property agent but this can only take place when the previous owners solicitors advise the agent that the monies to complete are in and the keys can be collected. Subsequently you will need to tell the removal men that you are ready to move in. We are not in a position to recommend a specific removal organisation but can help you choose a residential property solicitor in Shanklin or a lawyer with expertise in conveyancing in Shanklin.
Virgin Money have agreed my mortgage in principle, my offer on a house in Shanklin has been accepted, what are the next steps?
The estate agent will want to know who your solicitors are (make sure the conveyancing practitioners are on the bank’s panel). Call up Virgin Money or your broker and finish off any outstanding forms. Virgin Money will instruct a valuer who will get in contact with the estate agent or vendor to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Virgin Money will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Shanklin.
My offer on a semi in Shanklin has been accepted, the sellers do nevertheless have a connected purchase. The vendors have offered on on an apartment, but it’s not yet agreed to, and are looking at other apartments in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Shanklin. What do I do now? When do I get the mortgage application with UBS going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then valuation, Shanklin conveyancing search costs, etc). The first thing to do is ensure that your lawyer is on the UBS approved list. As to the subsequent steps this very much depends on the circumstances of your case, attraction to the property and on the state of the market. In a hot market some buyers will apply for a home loan with UBS and arrange for the valuation and only if it comes back ok would they request their conveyancer to press on with the conveyancing in Shanklin.
Should my solicitor be raising enquiries concerning flooding during the conveyancing in Shanklin.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Shanklin. Plenty of people will buy a house in Shanklin, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to give advice on flood risk, but there are a numerous checks that can be initiated by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Shanklin. The standard information sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to discover whether the premises has ever been flooded. If flooding has previously occurred and is not revealed by the vendor, then a buyer may bring a legal claim for losses stemming from an inaccurate reply. A buyer’s conveyancers may also conduct an enviro report. This should reveal if there is a recorded flood risk. If so, additional inquiries should be made.
I have a renovated Edwardian property in Shanklin. Conveyancing practitioner represented me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be 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 Shanklin and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
Due to the guidance of my in-laws I had a survey completed on a property in Shanklin in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks will refuse to give a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shanklin. Conveyancing will be smoother if you use a solicitor in Shanklin especially if they regularly deal with such properties in Shanklin.