Unfortunately I am unable to travel far from Hampshire. Is there a reason why all Hampshire property lawyers aren't included on all mortgage company panels?
Pre- 2008 most lenders displayed an attitude to risk which is different from today. The Financial Services Authority in 2010 carried out a thematic review into property fraud which in summary warned lenders: know the conveyancers on your panel. As a result, mortgage companies have subsequently looked to extract more information from law firms regarding their processes and the staff employed by them and set certain criteria such as completing a minimum amount of transactions. Hundreds of firms have found themselves excluded from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the criteria of amount of transactions the mortgage companies required.
I require conveyancing for an apartment in a fairly new development (seven years old) in Hampshire. The vast majority the appartments have already been occupied. Is it strictly necessary to order conveyancing searches as part of conveyancing in Hampshire?
If you getting a mortgage, your mortgage company will need some (many) of the searches so you'll have no choice. If not, then Hampshire conveyancing searches are optional. No doubt your conveyancer, will ’encourage’, perhaps strongly, that you should not go ahead without searches, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you insist that your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Hampshire.
Do I need to pay for insurance to address the risk of chancel repairs when purchasing a house in Hampshire?
Unless a previous purchase of the property took place post 12 October 2013 you may expect conveyancing practitioners handling conveyancing in Hampshire to continue to suggest a chancel search and or insurance against a claim.
How does conveyancing in Hampshire differ for newly converted properties?
Most buyers of new build or newly converted property in Hampshire contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Hampshire usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hampshire or who has acted in the same development.
Being a tenant I am liable for a service charge for my property in Hampshire. As a result of poor financial planning I fell into arrears with remittance. The freeholders agreed a settlement schedule but there remains in the region of £2000 currently due.
I want to sell and I am panicking this may hold me back if I have to settle the arrears first. Do I have to settle before - is this practicable?
Do clarify with the lawyer carrying out your Hampshire conveyancing but it may be possible to arrange for the debt to be passed to the buyers. The final price payable would be adjusted to reflect the amount of debt they take on. They would then discharge the outstanding monies once they are the owners.