Me and my partner are intending to acquire a 2 bedroom flat in Havant with a mortgage. We like our Havant conveyancer, however the bank says she’s not on their "panel". It appears that we have little option but to instruct one of the lender panel solicitors or continue with our Havant lawyer as well as pay for one of their panel ones to represent them. This feels very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Havant conveyancing lawyer to apply to be on the conveyancing panel.
I am buying a house mortgage free in Havant. I have lived for the last Seventeen years in Havant. Conveyancing searches are expensive. Given that I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then all but one or two of the Havant conveyancing searches are at your discretion. Your lawyer will ’encourage you, perhaps strongly, that you should have searches completed, but he is duty bound to take that path of advice. One thing to consider; if you are intend to sell the house in the future, it may be of interest to your future buyer what the searches disclose. Sometimes houses with apparent issues can still show up detrimental search results. A competent conveyancing solicitor in Havant should provide you some sensible advice in this regard.
We are looking to buy a flat and need a conveyancing solicitor in Havant who is on the Leeds Building Society conveyancing panel. Can you recommend a local conveyancing 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 Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Havant.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Havant?
There are two types of lawyers who can conduct conveyancing in Havant namely CLC regulated conveyancers or solicitors. The two can administer the legal services that required to complete the sale or acquisition of property. Both are obliged to conduct Havant conveyancing to the same quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that the necessary procedures will be correctly taken.
My wife and I are in the process of looking at flats in Havant and I am about to put in an offer. Is it sensible to have a property lawyer on ‘stand by’? I will be getting a home loan with Leeds Building Society.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are obtaining a mortgage with Leeds Building Society, make sure you remember to check that your lawyer is on the Leeds Building Society conveyancing panel.
I recently had an offer agreed on an apartment in Havant. My mortgage broker suggested a conveyancer. I paid an advanced payment of £150. A few days later, the lawyer contacted me to say that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Just had an offer accepted on a new build flat in Havant. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Havant
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Having had my offer accepted I require leasehold conveyancing in Havant. Before I set the wheels in motion I require certainty as to the remaining lease term.
Assuming the lease is recorded at the land registry - and 99.9% are in Havant - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a ground floor flat in Havant, conveyancing formalities finalised 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Havant with over 90 years remaining are worth £206,000. The ground rent is £45 invoiced annually. The lease expires on 21st October 2091
With 66 years remaining on your lease we estimate the price of your lease extension to range between £11,400 and £13,200 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.