I was notified recently by my financial adviser that my Fawley lawyer is not on the bank Solicitor panel. How can I be sure if this is correct?
The first thing you need to do is to contact your Fawley conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they may be able to suggest a Fawley conveyancing firm that is on the conveyancing panel for your lender.
We are planning to acquire a property and require a conveyancing solicitor in Fawley who is on the HSBC solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Fawley.
Will our lawyer be raising questions about flooding during the conveyancing in Fawley.
Flooding is a growing risk for conveyancers dealing with homes in Fawley. Some people will acquire a property in Fawley, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a various searches that can be initiated by the purchaser or on a buyer’s behalf which should give them a better understanding of the risks in Fawley. The standard information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the owner to find out whether the property has suffered from flooding. In the event that the property has been flooded in past which is not disclosed by the seller, then a buyer may bring a legal claim for losses resulting from an misleading reply. A buyer’s conveyancers should also conduct an enviro search. This should indicate if there is any known flood risk. If so, additional inquiries should be conducted.
I purchased my home on 5 January and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Fawley expressed confidence that it would be formalised in less than a month. Are titles in Fawley particularly slow to register?
There is nothing unique when it comes to conveyancing in Fawley registration formalities. As opposed to being determined by geographic area, timescales can differ subject to the party submitting the application, whether it is in order and if the Land registry need to notify any interested persons or bodies. As of today roughly three quarters of such applications are completed in less than three weeks but occasionally there can be extensive delays. Registration occurs once the new owner has moved in to the premises therefore 'speed' is not typically top priority yet where there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
Given that I am about to spend £400,000 on a two bedroom apartment in Fawley I would like to talk to a lawyer regarding thetransaction in advance of appointing the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you first talking to the lawyer due to be conducting your property ownership legalities in Fawley.There is no ‘factory style conveyancing’ - every client is an important person, not a matter reference. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Fawley should be the figure that you end up paying.
Last February I purchased a leasehold property in Fawley. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I bought a split level flat in Fawley, conveyancing having been completed 5 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Fawley with a long lease are worth £191,000. The ground rent is £55 invoiced every year. The lease ceases on 21st October 2078
You have 53 years unexpired we estimate the premium for your lease extension to span between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.