Our Gosport conveyancer has spotted a discrepancy when comparing the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My solicitor has advised that he is obliged to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach correct?
Your conveyancer 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 you.
I am the registered owner of a freehold premises in Gosport but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Gosport and has limited impact for conveyancing in Gosport 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 creation of fresh rentcharges post 1977.
Previous 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.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Gosport. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/4/2025, the requirements read as follows :
I am purchasing a 4 bedroom semi-detached house in Gosport. Our aim is to carry out a loft conversion at the house.Will the conveyancing process involve checks to determine if these works are prohibited?
Your conveyancer will review the deeds as conveyancing in Gosport will on occasion reveal restrictions in the title deeds which prevent certain changes or need the permission of another owner. Certain extensions need local authority planning consent and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
When it comes to lenders such as Nottingham, do Gosport lawyers have to pay a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Two weeks ago we had a mortgage agreed in principle with Coventry BS. Gosport conveyancing practitioners are appointed. How long does it take for Coventry BS to forward the offer to the solicitor?
Some lenders take longer than others. Have Coventry BS completed the survey? Have you informed Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have been on the look out for a flat up to £235,500 and identified one round the corner in Gosport I like with a park and station nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Gosport for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
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