Why do I have to pay up front for conveyancing in Hampshire?

Where you are retaining lawyers for conveyancing in Hampshire your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the purchase price then this should be asked for shortly prior to contracts are exchanged. The closing balance that is due will be payable shortly before completion.

Just had an offer accepted on a new build apartment in Hampshire. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Hampshire

There must be mutual enforceability of lessee’s covenants. 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 the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Hampshire I like with amenity areas and station nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Hampshire suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a home loan that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

My husband and I are FTB’s - agreed a price, yet the estate agent has warned us that the seller will only move forward if we use their recommended conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Hampshire

It is improbable the vendors are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Bypass the agents and go straight to the sellers and explain that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to instruct your own,trusted Hampshire conveyancing firm - as opposed tothose that will give their estate agent a commission or meet his conveyancing figures set by senior management.

We have appointed a Hampshire conveyancing solicitor for our home move (novice purchasers) and have noticed in the engagement letter that they are not regulated by the FCA. Am I right to be worried or is that usually the case with property lawyer?

We can't see why they should be. Most solicitor don't lend money. You should check that they are governed by the SRA, who dictate specific laws in place on amounts sitting in their bank.