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Conveyancing in Fareham : Keep it Local

Fareham Conveyancing Statistics*

  • 1 September was the busiest month and August was the next busiest month while November was the least busiest month of the year for conveyancing in Fareham
  • 2 Percentage of cases in Fareham that are buy to let is 7%
  • 3 81% freehold and 19% leasehold conveyancing in Fareham for this year to date
  • 4 981 is the median number of years remaining on leases in Fareham
  • 5 Average time from start to moving day was 88 days for conveyancing in Fareham

Examples of recent conveyancing in Fareham since February 2024*

Recently asked questions about conveyancing in Fareham

Just been in touch with my conveyancing solicitor in Fareham who completed the legal work two years ago requesting a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold premises and a freehold property) of almost identical values with a loan from The Mortgage Works. I am now being charged double. Should I hunt for a cheaper online firm of conveyancing solicitor?

The costs illustration is slightly on the expensive side. If you you were to look around you could decrease the fees slightly by perhaps a hundred pounds. On the other hand, providing that you were satisfied with the assistance the firm gave you mightcome to rue opting for an an unknown lawyer. Remember to check the conveyancer can represent The Mortgage Works. You can use our search tool to get a quote a Fareham conveyancing firm on the The Mortgage Works conveyancing panel, which can often include conveyancing solicitors in Fareham.

I am hoping to complete my purchase in Fareham next Monday. My conveyancer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What does the insurance need to cover?

All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not limited to conveyancing in Fareham.

My wife and I are purchasing a flat in Fareham. It might be a silly question but how we can trust a solicitor? On completion day we have to put funds into their account. What protection do we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

I am purchasing a property in Fareham. A rare aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

As your lender is TSB your lawyer must follow the conveyancing instructions set out in Section 2 of UK Finance Lenders’ Handbook for TSB. The CML Handbook contains minimum provisions for solar panel roof-space leases, and lawyers are required to report to TSB where a lease does not meet these specifications. The provisions relate to the installation of panels on properties in England and Wales and is not isolated to Fareham.

Planning on purchasing a apartment in Fareham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.

They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Fareham conveyancing practitioner is on the Co-operative conveyancing panel.

I have been told that property searches are the number one reason for stalling in Fareham house deals. Is this right?

The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Fareham.

I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Fareham is where the house is located. Can you offer any assistance?

Flying freeholds in Fareham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fareham you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fareham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

When it comes to leasehold conveyancing in Fareham what are the most common lease problems?

Leasehold conveyancing in Fareham is not unique. All leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are not included. The following missing provisions could result in a defective lease:

    Service charge per centages that don't add up correctly leaving a shortfall

A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, The Royal Bank of Scotland, and Godiva Mortgages Ltd all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, forcing the buyer to withdraw.

I own a split level flat in Fareham, conveyancing having been completed in 2009. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Fareham with over 90 years remaining are worth £186,000. The ground rent is £55 invoiced annually. The lease runs out on 21st October 2077

With only 53 years unexpired we estimate the premium for your lease extension to be between £27,600 and £31,800 plus legals.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive 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 you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

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Residential Landlord and Tenant Conveyancing solicitors in Fareham

The firms listed below are a non-comprehensive list of solicitors in Fareham practicing in landlord and tenant law and on the regulations governing different types of tenancies. This should include advice on Claims for damages for illegal

  • Brutton & Co, 288 West Street, Fareham, Hampshire, PO16 0AJ
  • Warner Goodman Llp, Portland Chambers, 66 West Street, Fareham, Hampshire, PO16 0JR
  • Churchers Bolitho Way, 12 High Street, Fareham, Hampshire, PO16 7BL
  • Blake Morgan Llp, Harbour Court, Compass Road, Portsmouth, Hampshire, PO6 4ST
  • Blake Lapthorn Nominees Ltd, Harbour Court, Compass Road, Portsmouth, Hampshire, PO6 4ST

Commercial Conveyancing solicitors in Fareham regulated by the SRA

The list below is a small selection of solicitors in Fareham practicing in commercial conveyancing in Fareham. This could include advice on granting a lease to a commercial tenant
  • Starbuck & Mack, 227 West Street, Fareham, Hampshire, PO16 0HA
  • Starbuck And Mack, 227 West Street, Fareham, Hampshire, PO16 0HA
  • Brutton & Co, 288 West Street, Fareham, Hampshire, PO16 0AJ
  • Warner Goodman Llp, Portland Chambers, 66 West Street, Fareham, Hampshire, PO16 0JR
  • Churchers Bolitho Way, 12 High Street, Fareham, Hampshire, PO16 7BL

Residential Licensed Conveyancers in Fareham regulated by the CLC

Please note that the listed conveyancers do not limit their work for conveyancing in Fareham but also conveyancing throughout England and Wales.
  • Solent Property Lawyers Limited, First Floor 118-120 High Street, PO13 9DB
  • Select Conveyancers Limited, 28 Bridge Road, SO31 7GF

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.