I was informed recently by my mortgage adviser that my Bursledon the law firm I have appointed is not on the mortgage company Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to call your Bursledon conveyancer. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Bursledon?
There are two types of lawyers who can perform conveyancing in Bursledon namely CLC regulated conveyancers or solicitors. The two can administer conveyancing services that you need to complete the sale or purchase of property. They are both required to handle Bursledon conveyancing to the same standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that the requirements and steps will be accurately followed.
The formalities of my remortgage has taken place for my property in Bursledon. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
My offer was accepted on a house in Bursledon on 26/8/2025, valuation was booked five days later, received a clean bill of health. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
I purchased a terraced Edwardian house in Bursledon. Conveyancing practitioner represented me and The Mortgage Works. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same property. Is it worth asking The Mortgage Works to clarify?
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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bursledon and other areas of 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 the conveyancing practitioner who carried out the work.
How does conveyancing in Bursledon differ for new build properties?
Most buyers of new build residence in Bursledon come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Bursledon typically acquire 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 used to new build conveyancing in Bursledon or who has acted in the same development.
I'm remortgaging my primary house to a buy to let mortgage with Platform Home Loans Ltd and I will use the rest of the raised equity as a deposit on another house. The neighborhood we are interested in is Bursledon. Will your lawyers be able to act for both sets of banks and link together the transactions?
Make use of our comparison tool on this page to ensure that the conveyancers are approved by both mortgage companies. Assuming that they are the solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and specify your expectations and needs.
I am looking at a two flats in Bursledon which have in the region of 50 years left on the lease term. Will this present a problem?
There is no doubt about it. A leasehold flat in Bursledon is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. The majority of buyers and banks, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bursledon conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Leasehold Conveyancing in Bursledon - Sample of Queries Prior to Purchasing
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Most Bursledon leasehold flats will incur a service bill for the upkeep of the building invoiced by the freeholder. Should you purchase the property you will have to meet this amount, usually quarterly during the year. This can be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a rentcharge for you to pay yearly, this is usually not a significant sum, say approximately £25-£75 but you should to check it because occasionally it can be many hundreds of pounds. This question is helpful as a) areas may result in problems for the block as the communal areas may start to deteriorate where repairs are not paid for b) if the tenants have an issue with the managing agents you will want to have full disclosure You will want to discover as much as possible regarding the managing agents as they can either make living at the property much easier or problematic. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to practical issues such as the upkeep of the common parts. Enquire of other tenants what they think of their management. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and precisely how they are spending the funds.