We are purchasing a flat in Waterlooville. I might seem paranoid but how we can trust a solicitor? On completion day we will need to put funds into their account. What is the protection we have from them run away with our money?
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 have paid off my mortgage with Barclays. I assume I don't need a Waterlooville property lawyer on the Barclays panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
About to purchase maisonette in Waterlooville. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality 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 Waterlooville solicitor is on the Principality conveyancing panel.
Despite weeks of looking the Title Certificate and documents to our property are lost. The solicitors who handled the conveyancing in Waterlooville 10 years ago are no longer around. What do I do?
In today’s world there are copies made of almost everything, and your lawyer should know exactly where to look for all the appropriate documentation so you can buy or dispose of your house without any difficulty. Where duplicates are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on the premises.
How does conveyancing in Waterlooville differ for new build properties?
Most buyers of new build or newly converted property in Waterlooville contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Waterlooville tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Waterlooville or who has acted in the same development.
I need to instruct a conveyancing solicitor in Waterlooville for my house move. Can I check a firm’s record with the profession’s regulator?
You may find published Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator could recorded call for training requirements.
I am a negotiator for a busy estate agent office in Waterlooville where we have witnessed a number of flat sales derailed as a result of leases having less than 80 years remaining. I have received contradictory information from local Waterlooville conveyancing solicitors. Please can you clarify whether the vendor of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a ground floor flat in Waterlooville, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Waterlooville with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced annually. The lease ends on 21st October 2081
You have 56 years unexpired the likely cost is going to be between £29,500 and £34,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
I have noted on a number of consumer advice websites that when selecting a conveyancing firm they must be approved by your bank. This is my first home move but I have an AIP with Virgin Money and I already have a family conveyancing lawyer in Waterlooville lined up. Does HSBC insist on an approved solicitor to be selected? If so, where can I find that list so I can appoint a conveyancing solicitor in Waterlooville?
You need to use a solicitor that is on the HSBC panel. Simply call your chosen Waterlooville conveyancing solicitor and ask if they are on the HSBC panel. If they are not on the panel you have a couple of alternatives available to you here:
- Proceed with your existing Waterlooville property lawyer but HSBC will need to appoint a solicitor on their conveyancing panel. This will result in additional charges together with probable interruption.
- Choose a new conveyancer to act in the purchase, ensuring that they are on the HSBC conveyancing panel.
- Convince your solicitor to seek to join the mortgage company panel.