I am 3 weeks into the sale of my home in Havant and the estate agent has just called to advise that the purchasers are changing their property lawyer. The excuse is that the lender will only work with property lawyers on their approved list. On what basis would a leading mortgage company only engage with specific lawyers rather the firm that they want to select for their conveyancing in Havant ?
UK lenders have always had an approved set of law firms that can act for them, but in the last few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Lending institutions justify this action to a rise in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any impact on this.
We just had an offer accepted to purchase with Coventry BS. I visited a couple of local companies yet cant to find a Havant conveyancing firm on the Coventry BS approved list. Could you help?
Feel free to make use of the search tool on this site. Pick the lender and type Havant or your location and you will discover a number of lawyer based in Havant or by proximity to you.
Just bought a semi-detached house in Havant , What is the estimated time for the Land Registry to record the transfer to my name? My Havant conveyancing solicitor works at snail pace, so I want to be sure the registration is addressed.
As far as conveyancing in Havant is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can differ depending on who lodges the application, whether there are errors and whether the Land registry must send notices to any other persons or bodies. At present approximately three quarters of such applications are completed in less than three weeks but some can be subject to protracted delays. Historically registration occurs after the buyer has moved in to the premises so an expedited registration is not usually top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
I am buying a new build flat 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.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Havant
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Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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.
I am looking for a ground for flat up to £245,000 and found one close by in Havant I like with amenity areas and railway links nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Havant suitable, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I am using a search engine for the term on line conveyancing in Havant it brings up numerous property lawyersin the area. With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?
The ideal way of choosing a suitable conveyancer is via trusted recommendation, so enquire of colleagues and family who have purchased a property in Havant or the local estate agent or mortgage broker. Fees for conveyancing in Havant differ, so it's a good idea to obtain at least four fee calculations from varying types of companies. Dont forget to clarify that the costs are assured not to to be inflated.