When does exchange of contracts take place for purchase conveyancing in Chandlers Ford and am I required to attend the lawyers office?

If you are local to our conveyancing solicitors in Chandlers Ford you are welcome to attend to sign contracts. However, the lender approved solicitors we work with provide countrywide coverage for conveyancing and give just as diligent and professional a job for you when dealing with you electronically. The signing of the contract is not the important part. A signed contract is just a prerequisite for the solicitor to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chandlers Ford)to be in the office available at the end of the phone to exchange contracts.

I am about to put a bid on a leasehold flat in Chandlers Ford. The estate agents advise that it is normal for flats in Chandlers Ford to have less than 75 years remaining. I am getting a loan with Accord Mortgages. Is this going to be a problem if the lease has 69 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/4/2024 the requirements read as follows :

A colleague advised me that where I am purchasing in Chandlers Ford I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is sometimes included in the estimate for your Chandlers Ford conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Chandlers Ford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Chandlers Ford Education with maps and statistics, Local Amenities and other useful data about Chandlers Ford.

I own a renovated Edwardian house in Chandlers Ford. Conveyancing practitioner represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?

You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chandlers Ford and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who carried out the work.

Back In 2002, I bought a leasehold flat in Chandlers Ford. Conveyancing and Nottingham Building Society mortgage organised. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Chandlers Ford who acted for me is not around. What should I do?

The first thing you should do is contact HMLR to be sure that this person is indeed the registered owner of the freehold reversion. There is no need to instruct a Chandlers Ford conveyancing firm to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Chandlers Ford Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying

You should want to discover as much as possible concerning the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to daily matters such as the upkeep of the common parts. Don't be afraid to ask other people if they are happy with their service. On a final note, investigate as to the dates that the maintenance charges are due to the managing agents and specifically what you get for your money. How many years remain on the lease? Who are the managing agents?