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Find a Hatch and Old Basing Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Hatch and Old Basing

My Hatch and Old Basing solicitor has spotted a discrepancy between the information in the valuation survey and what is in the conveyancing documents. My lawyer has advised that he is duty bound to ensure that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s approach right?

Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Hatch and Old Basing so that I can attend their offices if required.

Nowadays conveyancing panel lawyers for banks carry out all of the communications via Royal Mail, e-mail or over phone calls. This enables them to carry out the conveyancing transaction regardless of where you live in the country. That being said you can see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.

My relative advised me that if I am purchasing in Hatch and Old Basing I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually quoted for as part of the standard Hatch and Old Basing conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Hatch and Old Basing 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 type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Hatch and Old Basing.

How does conveyancing in Hatch and Old Basing differ for new build properties?

Most buyers of new build residence in Hatch and Old Basing come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Hatch and Old Basing tend to acquire the land, 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 property lawyers 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 Hatch and Old Basing or who has acted in the same development.

Midway through the sale of a leasehold flat in Hatch and Old Basing. Conveyancing solicitors are doing their job but we are being charged an extortionate amount by the managing agents. To date we have forked out £268 for a leasehold management pack and then another £134.40 for additional queries supplied by the buyers property lawyer.

Neither you or your solicitor will have any say over the extent of the charges for this information however the typical fee for the information for Hatch and Old Basing leasehold property is £350. When it comes to Hatch and Old Basing conveyancing transactions it is customary for the vendor to pay for these costs. The freeholder or their agents are under no legal obligation to address these questions although many will agree to do so - albeit often at exorbitant prices disproportionate to the work involved. Unfortunately there is no legislation that mandates set fees for administrative tasks. There is no legal time frame by which they are duty bound to provide the information.

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