My wife and I are buying a house in Fareham. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to put our life savings into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

We are due to move house in . Should my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you recommend a removal company in Fareham. Conveyancing solicitor was organised before I stumbled across your site.

On the afternoon of completion you will need to collect the keys from the estate agent however this should only happen when the previous owners conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You will need to tell the removal men that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can help you locate a conveyancing in Fareham or a solicitor with expertise in conveyancing in Fareham.

I have been told by my solicitor that chancel insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Fareham?

The appropriate level of chancel indemnity insurance depends on your lender. It would differ for example between and . Conveyancing solicitors as opposed to members of the public take out such insurances.

Will our lawyer be asking questions about flooding during the conveyancing in Fareham.

Flooding is a growing risk for lawyers dealing with homes in Fareham. Plenty of people will purchase a house in Fareham, 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, suitable building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.

Solicitors are not best placed to impart advice on flood risk, however there are a numerous checks that can be carried out by the purchaser or by their lawyers which should figure out the risks in Fareham. The conventional set of property information forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the owner to find out if the premises has suffered from flooding. If flooding has previously occurred and is not notified by the owner, then a buyer may commence a claim for damages stemming from an incorrect reply. The buyer’s conveyancers will also commission an enviro report. This will reveal if there is a recorded flood risk. If so, additional inquiries should be carried out.

I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Fareham is where the house is located. Is there any guidance you can impart?

Flying freeholds in Fareham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fareham you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fareham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

There are only Fifty years remaining on my flat in Fareham. I am keen to extend my lease but my freeholder is missing. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to prove that you have done all that could be expected to locate the landlord. For most situations a specialist should be useful to conduct investigations and to produce a report which can be accepted by the court as proof that the landlord is indeed missing. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s absence and the application to the County Court overseeing Fareham.

Fareham Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing

Be sure to enquire if the the lease includes any onerous restrictions in the lease. For example it is fairly common in Fareham leases that pets are not permitted in in a block in Fareham. If you like the apartmentin Fareham however your dog can’t move with you then you will be faced hard decision. The majority of Fareham leasehold apartments will incur a service charge for the upkeep of the building levied by the freeholder. Where you purchase the property you will have to pay this liability, usually quarterly during the year. This may be anything from two or three hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all likelihood there will be a rentcharge to be met annual, normally this is not a exorbitant sum, say around £50-£100 but you should to check it because on occasion it could be prohibitively expensive. The prefered form of lease arrangement is where the freehold title is owned by the leaseholders. In this arrangement the tenants have being in charge if their destiny and notwithstanding that a managing agent is frequently employed if the building is larger than a house conversion, the managing agent retained by the leaseholders.

We have been informed by numerous family members to expect six to eight weeks for Fareham conveyancing to complete.This was a month ago. The paperwork was only received from the vendors last week so does the clock start running now?

Do not bank on completing on a set date until contracts are exchanged. Whatever assurances the people you are buying from or selling to make, or your conveyancer makes don't bank on them. More frustration is caused to buyers and sellers by unfulfilled promises than any other factor when it comes to conveyancing in Fareham.