The owners of the home we are hoping to buy have appointed a conveyancing solicitor in Havant who has recommended a exclusivity agreement with a deposit two thousand pounds. Is it wise to enter into such agreements?
This kind of agreement is unusual in Havant, conveyancers are often found to veer clients away from them as they detract from focusing on the primary focus, namely conveyancing and if you end up losing your deposit then the solicitor is left exposed. Secondly, there is no assurance that just because the owner has executed a lock out contract they will complete the sale with you. They may be in contravention of the contract if they are offered sufficient incentive to do so because a wronged buyer with the benefit of a lockout agreement will still be duty bound to establish consequential losses from the breach and these may not equate the extra amount that your seller may obtain by breaching the contract, however morally condemnable that may be.
The deeds to our house are lost. The solicitors who did the conveyancing in Havant 10 years ago have long since closed. Will I be able to sell the house?
Nowadays there are duplicates made of almost everything, and your conveyancer should know exactly where to find all the appropriate documentation so you can purchase or sell your house without any difficulty. If duplicates are not available, your solicitor may be able to put in place insurance or indemnities against future claims on your premises.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Havant. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Havant
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There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the guidance of my in-laws I had a survey completed on a property in Havant in advance of retaining lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some lenders tend not grant a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Havant. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Havant to see if the conveyancing costs will increase in light of this.
What tools are available to search for a Havant solicitor on the Platform Home Loans Ltd conveyancing panel? I have wheels and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the tool on this page. Please choose the bank and your location and you will see a number of Havant conveyancing lawyers based on proximity. We have detailed some Havant conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Platform Home Loans Ltd panel
What makes a Havant lease defective?
There is nothing unique about leasehold conveyancing in Havant. All leases are unique and drafting errors can sometimes mean that certain sections are not included. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain parts of the building
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. Nationwide Building Society, The Mortgage Works, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the purchaser to withdraw.
I bought a split level flat in Havant, conveyancing having been completed July 2007. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Havant with over 90 years remaining are worth £175,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ends on 21st October 2081
With just 58 years unexpired the likely cost is going to be between £23,800 and £27,400 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.