Am I correct in assuming that the fact that my conveyancer in Gosport is not identified on my mortgage company's conveyancing panel that there is a problem with the standard of her conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Gosport conveyancing practice and enquire why they are no longer on the approved list for your lender.
I have given 2 months notice to my current landlord and have to be out of my let out apartment in Gosport by the end of next month. Conveyancing on my purchase is progressing. How realistic is it to complete in 5 weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to provide notice for your tenancy unless exchange of contracts has taken place. If you have not previously done so, update to your solicitor and ask them to they chase the other lawyers, try to get a realistic time scale from them that everyone will look towards
Our bank has suggested a law firm on their panel based in Gosport but I would rather use a conveyancing lawyer in Gosport local to me. Are you able to help?
Far from all Gosport conveyancing practices are approved and listed on all lender’s conveyancing panel. Use our search tool to choose a Gosport conveyancing firm on the on the lender panel.
I acquired my house on 2 July and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Gosport said it will be formalised inside ten days. Are titles in Gosport uniquely lengthy to register?
There is nothing unique about conveyancing in Gosport registration formalities. Rather than based on location, timeframes can differ subject to who lodges the application, whether it is in order and whether the Land registry need to notify any third parties. Currently roughly 80% of submission are fully addressed within two weeks but some can be subject to protracted delays. Historically registration occurs once the new owner has moved in to the premises therefore 'speed' is not usually top priority but if there is a degree of urgency associated with the registration then you or your solicitor can speak with the land registry and explain the circumstances.
How does conveyancing in Gosport differ for new build properties?
Most buyers of new build property in Gosport contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Gosport typically acquire the site, 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 Gosport or who has acted in the same development.
I have just started marketing my basement flat in Gosport. Conveyancing lawyers have not yet been instructed, but I have just had a half-yearly service charge invoice – Do I pay up?
The sensible thing to do is pay the service charge as you normally would given that all ground rent and service invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Gosport Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
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Make sure you enquire if there is anything that is prohibited in the lease. For example some leases prohibit pets being allowed in certain buildings in Gosport. If you love the propertyin Gosport but your dog can’t live with you then you will be faced hard determination. Please note that where the lease has less than 80 years it will affect the value of the property. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this would cost. For most Gosportlease extensions you will be required to have been the owner of the residence for a couple of years before you are eligible to extend the lease. Most Gosport leasehold properties will have a service charge for maintenance of the building invoiced by the freeholder. Where you buy the flat you will have to meet this amount, normally in instalments during the year. This could vary from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. In all likelihood there will be a rentcharge to be met yearly, normally this is not a exorbitant figure, say about £50-£100 but you should to check it because on occasion it can be many hundreds of pounds.