lenderpanel

Find a Andover Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Andover? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Andover home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Andover conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Andover

There is lots of here regarding conveyancing in Andover but what is your top tip for choosing the right conveyancer in Andover

It would be unwise to be tempted by the cheapest Andover conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

I happen to be the single recipient of my late mum's estate and I have everything in my name alone, including the house in Andover. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the house. I understand that there is a CML 6 month 'rule', which means that my proprietorship will be considered the same way as if I'd bought the house in January. Do I have to wait half a year to sell?

The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Some banks would take a practical view as this obligation is principally there to identify the purchase and immediately sell or the flipping of property.

I currently have a mortgage with TSB for my property in Andover. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?

TSB must be informed of your intention before letting out your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. You need not do this via a TSB conveyancing panel solicitor.

We are downsizing from our house in Andover and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Andover conveyancer would know this is not the case. It does beg the question why the buyers instructed an internet conveyancing firm rather than a conveyancing solicitor in Andover. We have lived in Andover for six years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.

It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)

I am purchasing a new build house in Andover with a loan from Barclays Direct. The builders would not reduce the amount so I negotiated 6k of additionals instead. The property agent advised me not reveal to my conveyancer about this extras as it may put at risk my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I today plan to offer on a house that appears to be perfect, at a great figure which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Andover. Conveyancing advisers have are about to be instructed. Will they explain the issues?

The majority of houses in Andover are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Andover so you should seriously consider looking for a Andover conveyancing practitioner and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’spermission to conduct alterations. You may also be required to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your lawyer should report to you on the legal implications.

I own a split level flat in Andover, conveyancing having been completed in 1997. Can you work out an approximate cost of a lease extension? Comparable properties in Andover with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ceases on 21st October 2105

With just 79 years unexpired the likely cost is going to be between £7,600 and £8,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.

Do I stop the direct debit for my mortgage with HSBC once a completion date for my home sale in Andover has been agreed?

No, you must keep paying any mortgage payments to HSBC pending the mortgage being repaid out of the proceeds of sale as part of your Andover conveyancing.

Last updated

Neighbouring Locations

Ludgershall
Andover
Stockbridge

Find out more about how flying freehold can affect your the value of a property.