I am hoping to receive a mortgage with Nat West. My intention is to employ the services of a Licensed Conveyancer in Havant. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My Havant lawyer has discovered a difference when comparing the information in the home valuation survey and what is in the conveyancing documents. My lawyer informs me that he needs to ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s stance legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Will conveyancers ask for an advanced payment when it comes to conveyancing in Havant?
Where you are retaining lawyers for conveyancing in Havant your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the conveyancing searches. If any down payment is payable against the sale price then this should be needed shortly ahead of contracts are exchanged. The closing balance that is needed should be sent to your lawyer a couple of days prior to the completion date.
It has been 2 months since my purchase conveyancing in Havant concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 asset 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.
There are only Sixty One years left on my lease in Havant. I now want to get lease extension but my landlord is absent. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you or your lawyers have used your best endeavours to track down the landlord. In some cases an enquiry agent would be helpful to carry out a search and prepare a report which can be used as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer both on investigating the landlord’s absence and the vesting order request to the County Court covering Havant.
I invested in buying a garden flat in Havant, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Havant with a long lease are worth £216,000. The ground rent is £50 invoiced annually. The lease finishes on 21st October 2094
With 69 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
I bought a house in Havant last 17/5/2024 and to date it is still not recorded with HMLR. It is part of a new estate and my property lawyer told me that it can take twelve months to register. I have contacted HMLR directly and they say that the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your lawyer that you should turn to here in order to satisfy any issues which have been raised as part of the registration process for your Havant property. Normal Havant conveyancing practice includes an undertaking on the part of the seller's lawyer that they will assist in resolving any question raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.