Me and my partner are hoping to acquire a 3 bedroom apartment in Fareham with a mortgage. We like our Fareham solicitor, however the lender says she’s not on their "panel". We have to appoint one of the bank panel firms or keep our Fareham solicitor and pay for one of their panel firms to represent them. We regard this is inequitable; are we not able to require that the lender use our Fareham property lawyer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Fareham conveyancing solicitor to apply to be on the conveyancing panel.
It has been 3 months following my purchase conveyancing in Fareham took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £235,500 and identified one near me in Fareham I like with a park and station in the vicinity, however it only has 49 years on the lease. There is not much else in Fareham suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Taking into account that I will soon spend over three hundred thousand on a garden flat in Fareham I would like to talk to a conveyancer regarding thehouse move ahead of appointing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer who will be doing your conveyancing in Fareham.There is no ‘factory style conveyancing’ - each client is unique individual, not a file reference. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Fareham should be the figure that you end up paying.
My brother has suggested that I appoint his conveyancers in Fareham. Do I take his recommendation?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to have guidance from friends or family who have actually experience in using the conveyancer you're contemplating using.