My lawyer has uncovered a defect with the lease for the apartment we are buying in Hampton. The other side have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancing practitioner has advised that he must check that the lender is willing to move forward with this solution. Are we the client or is the mortgage company ?

Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. The appropriate lender conditions must be adhered to.

Do conveyancers request money on account when it comes to conveyancing in Hampton?

Where you are retaining lawyers for conveyancing in Hampton your lawyer will request that you to provide them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the sale price then this will be asked for immediately ahead of exchange of contracts. The closing balance that is due should be sent to your lawyer a few days ahead of the completion date.

Will our conveyancer be making enquiries regarding flooding as part of the conveyancing in Hampton.

Flooding is a growing risk for conveyancers specialising in conveyancing in Hampton. There are those who buy a house in Hampton, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Solicitors are not qualified to give advice on flood risk, however there are a numerous checks that may be undertaken by the purchaser or by their lawyers which will figure out the risks in Hampton. The conventional set of information given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the owner to discover whether the property has suffered from flooding. In the event that the premises has been flooded in past and is not notified by the vendor, then a buyer may issue a legal claim for losses as a result of such an misleading response. The purchaser’s conveyancers will also commission an enviro report. This should reveal if there is any known flood risk. If so, additional investigations will need to be initiated.

About to purchase a new build apartment in Hampton. Conveyancing is a frightening process 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.

Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Hampton

There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I have been on the look out for a flat up to £245,000 and identified one round the corner in Hampton I like with amenity areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Hampton suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 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 existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.