Would the conveyancing lawyers identified through your search tool handle auction conveyancing in Bosham?
There are a number of auction lawyers we can connect you with those conducting auction conveyancing. Bosham is one of the many locations where our lawyers have a presence.
We are purchasing a house in Bosham. I might seem paranoid but how we can trust a lawyer? At some point we have to send money into their account. What protection do we have from them run away with our deposit?
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.
I have decided to exercise my right to buy my property in Bosham off the council. I have a mortgage agreed with Yorkshire BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Bosham building society branch on numerous occasions and was reassured it wasn't a problem and they would lend. My Bosham conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancing practitioner is on the mortgage company panel, they must adhere to the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Over the last few months I have been searching for a flat up to £305k and identified one near me in Bosham I like with amenity areas and transport links nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Bosham in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Am I right to be wary by brokers that I am dealing with are encouraging me to use a factory type conveyancing firm as opposed to a local Bosham conveyancing practice?
As with many professional services, often input from connections can be extremely useful or valuable. Yet there are numerous people with a keen interest in a conveyancing deal; estate agents, financial adviser and mortgage companies may put forward conveyancers to appoint. Sometimes these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there exists a financial incentive behind the endorsement. You are at liberty to appoint your own conveyancer. You need to be aware that the majority of banks have an approved list of lawyers you must use for the lender aspect of your conveyancing.
As co-executor for the will of my father I am selling a residence in Swansea but live in Bosham. My lawyer (approximately 200 kilometers awayhas requested that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Bosham who can attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Bosham based