My financial adviser has requested my Eastleigh law firm’s panel reference for the HSBC conveyancing panel. What is the best way to obtain this. I have e-mailed my local Eastleigh office but they have not responded to me.
You are best placed to get this information from your Eastleigh lawyer . Most Eastleigh law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
The Eastleigh conveyancing firm handling our Eastleigh conveyancing has discovered an inconsistency between the assumptions in the home valuation survey and what is in the conveyancing documents. My solicitor informs me that he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions 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 both parties.
A friend advised me that if I am purchasing in Eastleigh I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Eastleigh conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Eastleigh around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Eastleigh Education with maps and statistics, Local Amenities and other useful information about Eastleigh.
Due to the guidance of my in-laws I had a survey completed on a property in Eastleigh in advance of retaining solicitors. I have been advised that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eastleigh. Conveyancing will be smoother if you use a solicitor in Eastleigh especially if they are acquainted with such properties in Eastleigh.
Is there anything unique about your site and other internet conveyancing solicitors when it comes to conveyancing in Eastleigh?
At this site secure a conveyancing quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Eastleigh. As opposed to estate agents and many comparison sites we do not operate kick-back deals with solicitors. Many agents and online brokers 'recommend' the firm paying the highest kickback, as opposed to the best value conveyancing in Eastleigh
When it comes to leasehold conveyancing in Eastleigh what are the most frequent lease problems?
There is nothing unique about leasehold conveyancing in Eastleigh. All leases are drafted differently and drafting errors can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
A provision for the recovery of money spent for the benefit of another party. A duty to insure the building
A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Santander, The Royal Bank of Scotland, and Britannia all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to withdraw.
I am the registered owner of a studio flat in Eastleigh, conveyancing formalities finalised in 2009. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Eastleigh with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease terminates on 21st October 2076
You have 54 years left to run we estimate the premium for your lease extension to be between £26,600 and £30,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. 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 should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.