Do the conveyancing lawyers that you recommend perform attended exchange conveyancing in Hampshire?
We do have a number of conveyancing specialists carrying out personalised exchanges. You should call us to get a costs illustration and details as to dates.
Why do I have to pay up front for my conveyancing in Hampshire?
Where you are retaining lawyers for conveyancing in Hampshire your lawyer will ask you to provide them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the total price then this will be required immediately prior to contracts are exchanged. The closing balance that is due should be transferred a couple of days ahead of the day of completion.
My grandmother passed away last year and as sole heir and executor I was left the property in Hampshire. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this possible?
Where you plan to refinance then Nottingham will insist on your using a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
I'm buying my first flat in Hampshire with the aid of help to buy. The builders refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep advised me not disclose to my lawyer about the deal as it would jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Am I best advised to use a Hampshire conveyancing practitioner in close proximity to the house I am hoping to buy? I have an old university friend who can carry out the conveyancing however her office is 300miles away.
The benefit of a local Hampshire conveyancing practice is that you can drop in to execute documents, deliver your identification documents and apply pressure on them if necessary. They will also have local insight which is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and in the main were impressed that should surpass using an unfamiliar Hampshire conveyancing solicitor solely due to them being Hampshire based.
I am a negotiator for a reputable estate agency in Hampshire where we have experienced a few flat sales put at risk due to leases having less than 80 years remaining. I have received contradictory information from local Hampshire conveyancing solicitors. Please can you clarify whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a 2 bed flat in Hampshire, conveyancing formalities finalised 10 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Hampshire with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ends on 21st October 2099
You have 74 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.