Our family lawyer has sent a quote for £1350 for fixed fee conveyancing in Havant. I am selling a purpose built property for £275,000. Is this too much? Is it above the average fee for conveyancing in Havant?
The costs illustration is slightly on the expensive side. If you shop around you might trim some of the cost by as much as a hundred pounds. That being said, you mightlive to regret choosing an a cheaper lawyer. Remember to ensure that the conveyancer can act for your bank. You can utilise our comparison tool to select a Havant conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Havant.
My lawyer has uncovered a a legal deficiency with the lease for the flat we are purchasing in Havant. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor says that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.
We note that you have a search directory identifying solicitors on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Havant?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Havant.
I acquired my home on 9 October and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Havant said it will be recorded in a couple of weeks. Are titles in Havant particularly slow to register?
As far as conveyancing in Havant is concerned, registration is no quicker or slower than the rest of the country. 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 3rd persons or bodies. As of today roughly 80% of submission are completed in less than three weeks but occasionally there can be longer delays. Historically registration occurs after the buyer has moved in to the premises therefore 'speed' is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
I have been on the look out for a ground for flat up to £245,000 and identified one near me in Havant I like with a park and railway links in the vicinity, however it only has 51 remaining years left on the lease. I can't really find anything else in Havant in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I have been advised by numerous property agents in Havant to select a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to market your lawyers over alternative conveyancing organisations?
We don’t offer any commission for directing people to this site. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.