My best friend’s step-father is a conveyancer. I expect that I will receive mate’s fee for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Hedge End?

You should contrast pricing. Do use our search tool on this site. Whilst amounts seem to contrast greatly but service levels do are distinct between solicitors as is the case with the vast majority of professional services.

I am considering applying for a Nottingham mortgage for purchase of a newly converted (under development) in Hedge End with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham ?

There is nothing to stop you using your solicitor, but Nottingham will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

Should our solicitor be asking questions concerning flooding as part of the conveyancing in Hedge End.

The risk of flooding is if increasing concern for solicitors dealing with homes in Hedge End. There are those who acquire a property in Hedge End, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not best placed to offer advice on flood risk, but there are a various searches that may be initiated by the buyer or by their solicitors which will give them a better understanding of the risks in Hedge End. The conventional set of information sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the vendor to determine whether the premises has suffered from flooding. If the premises has been flooded in past which is not revealed by the owner, then a purchaser could commence a claim for damages stemming from an misleading reply. A buyer’s conveyancers will also carry out an environmental report. This should reveal if there is a recorded flood risk. If so, further inquiries should be carried out.

How does conveyancing in Hedge End differ for newly converted properties?

Most buyers of new build residence in Hedge End approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Hedge End usually purchase the land, 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 conveyancers 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 Hedge End or who has acted in the same development.

I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable figure which is making it more attractive. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Hedge End. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Hedge End ?

The majority of houses in Hedge End are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Hedge End so you should seriously consider shopping around for a Hedge End conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer should report to you on the legal implications.

I purchased a 2 bed flat in Hedge End, conveyancing was carried out January 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Hedge End with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 charged once a year. The lease runs out on 21st October 2082

You have 57 years unexpired the likely cost is going to span between £28,500 and £33,000 plus legals.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.