Find a Havant Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Havant conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Havant

I am getting closer to an exchange on a property in Havant and my parents have transferred the exchange deposit to my lawyer. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?

The property lawyer is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.

Do I have to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Havant so that I can pop in to their offices if necessary.

Most conveyancing panel lawyers for lenders undertake their work via the post, internet or over phone calls. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. However you should check if you have the option of visiting the offices of your conveyancing lawyer if needed.

Are there restrictive covenants that are commonly identified as part of conveyancing in Havant?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Havant. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

What does commercial conveyancing in Havant cover?

Havant conveyancing for business premises covers a wide array of guidance, provided by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

What makes a Havant lease unacceptable for security purposes?

Leasehold conveyancing in Havant is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain sections are erroneous. The following missing provisions could result in a defective lease:

    A provision for the recovery of money spent for the benefit of another party. Insurance obligations

You will encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Chelsea Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.

Leasehold Conveyancing in Havant - Sample of Questions you should consider Prior to Purchasing

    Best to be warned if redecorating or some other major work is anticipated that will be shared amongst the leaseholders and may well dramatically impact the level of the service charges or necessitate a specific invoice. It would be prudent to discover as much as you can concerning the company managing the block as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the tidiness of the communal areas. Enquire of prospective neighbours whether they are happy with their management. On a final note, find out the dates that the maintenance fees are due to the appropriate party and precisely how they are spending the funds.

Last updated

Find out more about how flying freehold can affect your the value of a property.