Our lender has recommended solicitors on their panel based in Fratton and Portsea but I would rather instruct a conveyancing lawyer in Fratton and Portsea or nearer to where I live. Can you assist?
Not all Fratton and Portsea conveyancing firms are on all lender’s conveyancing panel. Use the above find an approved solicitor tool to find a Fratton and Portsea conveyancing firm on the on the mortgage company panel.
What will a local search inform me concerning the property I am buying in Fratton and Portsea?
Fratton and Portsea conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Xpress Legal The local search plays an important role in many a Fratton and Portsea conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications applicable to the premises (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.
It has been 4 months since my purchase conveyancing in Fratton and Portsea completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Fratton and Portsea differ for new build properties?
Most buyers of new build residence in Fratton and Portsea approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Fratton and Portsea typically 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 conveyancing solicitors 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 accustomed to new build conveyancing in Fratton and Portsea or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Fratton and Portsea ahead of retaining conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks may not give a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Fratton and Portsea. Conveyancing may be slightly more expensive based on your lender's requirements.