What guidance do you have for sourcing cost effective conveyancing in Eastleigh?
Option 1 is to ask relatives whom they would seek assistance from.
Second, search the internet for conveyancing in Eastleigh. Phone two or three listed and invite them to forward you their conveyancing fees and discuss your needs with the solicitor who will conduct your conveyancing beforecommitting.
Option 3 is to use this site to help you find the right lawyers for you based on your own factors including location,speed, complexity and who your intended lender is. Don't take the bait of £100 conveyancing in Eastleigh
My partner and I are refinancing our maisonette in Eastleigh with HSBC. We have a son 19 who lives at home. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have a couple of questions (1) Is this document specific to the HSBC conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to HSBC. This is solely used to protect HSBC if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of HSBC had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I own a freehold property in Eastleigh yet charged rent, why is this and what is this?
It’s unusual for properties in Eastleigh and has limited impact for conveyancing in Eastleigh but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
My brother-in-law has suggested I instruct a conveyancing solicitor in Eastleigh. I need to find out if they are on the Barclays Direct conveyancing panel. Can you or the lender confirm if they are on the panel?
You should e-mail your lawyer and enquire whether they can act for the bank. Otherwise you should get in touch with Barclays Direct who may be able to confirm.
What can a local search tell me regarding the property my wife and I purchasing in Eastleigh?
Eastleigh conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as PSG The local search plays a central role in most Eastleigh conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I have just appointed agents to market my 2 bed flat in Eastleigh. Conveyancing lawyers have not yet been instructed, but I have just had a quarterly maintenance charge demand – should I leave it to the buyer to sort out?
It best that you discharge the maintenance contribution as usual as all rents and service invoices should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a leasehold flat in Eastleigh, conveyancing formalities finalised half a dozen 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? Similar properties in Eastleigh with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ceases on 21st October 2103
With only 78 years unexpired the likely cost is going to span between £7,600 and £8,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.