I am being told by my conveyancer that breach of easement insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Bishops Waltham?

The appropriate level of breach of easement indemnity insurance should be dictated by who your lender. It would differ for example between Halifax and Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such insurances.

I happen to be the only beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Bishops Waltham. The Bishops Waltham property was put into my name in November. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the house in November. Will no one buy the property for half a year?

The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. many banks would take a pragmatic view as this provision principally exists to identify subsales or the quick reselling of properties.

I'm in the process of viewing houses in Bishops Waltham and I am now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Kent Reliance.

It would be advisable to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are seeking a mortgage with Kent Reliance, ask your prospective lawyers if they are on the Kent Reliance conveyancing panel otherwise they can't do the mortgage legal work.

Given that I am about to spend hundreds of thousands of pounds on a property in Bishops Waltham I wish to have a conversation with the solicitor concerning thehouse move prior to appointing the firm. Is this something that you can arrange?

Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer due to be doing your conveyancing in Bishops Waltham.There is no ‘factory style conveyancing’ - each client is unique person, not a matter number. The solicitors that we put you in touch with believe that the figure you are quoted for residential conveyancing in Bishops Waltham should be the amount on the final invoice that you are charged.

I need to find a conveyancing solicitor for purchase conveyancing in Bishops Waltham. I've discover a site which appears to be the ideal answer If there is a chance to get all the legals done via web that would be ideal. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I work for a reputable estate agency in Bishops Waltham where we have witnessed a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Bishops Waltham conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can instigate the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start 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 needs to be completed 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 buyer.

Leasehold Conveyancing in Bishops Waltham - Examples of Questions you should consider Prior to buying

The prefered form of lease structure is if the freehold interest is in the ownership of the leaseholders. In this scenario the lessees benefit from being in charge if their destiny and although a managing agent is often employed if the building is bigger than a house conversion, the managing agent retained by the leaseholders. You will want to discover as much as possible concerning the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the cleanliness of the communal areas. You should not be afraid to ask other people whether they are happy with their management. Finally, be sure you know the dates that the service fees are due to the managing agents and specifically how they are spending that money. Is anyone aware of any major works in the near future that will likely increase the service charges?

We had our mortgage approved on Monday with our bank. We are using a long established conveyancer in Bishops Waltham two days ago. A couple of hours ago, our broker contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we did not have a clue that the mortgage company had some control over our choice Is this permitted?

You are permitted to instruct any conveyencer you prefer to instruct including the said conveyancer in Bishops Waltham but if they are not on the your bank's approved list you will have to incur an extra fee so the mortgage company can appoint their own solicitors as well to protect their interest. On occasion it is conceivable that your preferred conveyancing firm to get added to the lender panel. You can use web-based search facilities such as lenderpanel.com to find a conveyancing solcitor in Bishops Waltham on the bank panel. You can go into your high street mortgage company branch in Bishops Waltham. They can recommend conveyancing solicitors in Bishops Waltham on the panel for your bank.