Is there a reason why leasehold purchase conveyancing in Fareham costs more?
Fareham leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am planning to move home in May. Will my conveyancing solicitor liaise with the removal company on the completion day. As an aside, can you recommend a removal company in Fareham. Conveyancing lawyer was chosen prior to coming across this site.
On the day of completion you will need to collect the house keys from your selling agent but this can only occur after the sellers solicitors inform the agent that the monies to complete are in and the keys can be given over. Subsequently you can inform the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can assist you in choosing a conveyancing in Fareham or a solicitor with expertise in conveyancing in Fareham.
We had selected conveyancers based in Fareham on the Virgin Money solicitor approved list. They have just billed me an additional fee for the legal aspects of the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. This fee is not set by Virgin Money but by your Fareham conveyancer. Plenty of firms on the Virgin Money panel will charge an ‘acting for lender’ fee and others do not.
I have instructed a Fareham lawyer having checked that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Fareham postcode. As you are getting a mortgage with Kent Reliance, you could contact them to see if they have a list of approved surveyors in Fareham.
My friend recommended that where I am purchasing in Fareham I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Fareham conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Fareham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Fareham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Fareham.
2 months have elapsed since my purchase conveyancing in Fareham concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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.
Due to the advice of my in-laws I had a survey completed on a property in Fareham in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some banks may refuse to grant a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Fareham. Conveyancing may be slightly more expensive based on your lender's requirements.
What advice can you give us when it comes to appointing a Fareham conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Fareham conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Fareham conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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If they are not ALEP accredited then what is the reason?
Fareham Conveyancing for Leasehold Flats - Examples of Questions you should ask before buying
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How many years are left on the lease? Please inform me if there are any major works anticipated that could increase the service fees? The best form of lease structure is a share of the freehold. In this scenario the lessees enjoy being in charge if their destiny and notwithstanding that a managing agent is usually retained where it is larger than a house conversion, the managing agent is directed by the tenants.