I am approaching an exchange on a property in Southsea and my mum and dad have transferred the exchange deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is legally required to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can you explain why leasehold purchase conveyancing in Southsea is more expensive?
Southsea leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
About to place a bid on a leasehold flat in Southsea. The estate agents advise that it is normal for flats in Southsea to have less than 75 years left on the lease. I am expecting a mortgage with Tesco Bank. Is this going to be a problem if the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 29/11/2025 the requirements read as follows :
What is your number one tip for finding a conveyancing solicitor in Southsea
Do not opt for the lowest Southsea conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am planning to move house in March. Should my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you put forward a removal company in Southsea. Conveyancing lawyer was organised before I stumbled across this site.
On the day of completion you can collect the keys from the selling agent but this can only take place once the sellers conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. Subsequently you will need to tell the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal company but can assist you in locating a conveyancing in Southsea or a legal practice with expertise in conveyancing in Southsea.
Last month we had a mortgage agreed in principle with Santander. Southsea conveyancing lawyers were selected. What is the average time that one could expect to receive a mortgage offer from Santander?
Some lenders take longer than others. Have Santander done the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
How does conveyancing in Southsea differ for newly converted properties?
Most buyers of new build residence in Southsea contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Southsea typically acquire the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Southsea or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Southsea in advance of retaining conveyancers. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies may not issue a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Southsea. Conveyancing may be slightly more expensive based on your lender's requirements.