We are about to exchange contracts for a ground floor flat in Havant. We encountered a problem. Our loan offer with Leeds Building Society expires on 26/1/2026 but the owners are putting forward a completion date of 28/1/2026. Can one prolong the loan expiry date?
The person best placed to address this issue is your solicitors who is in a position to assess whether they should be discussing with the bank, vendor’s conveyancers, estate agents or conceivably all three based on what has happend in your conveyancing as of today.
Why is leasehold purchase conveyancing in Havant is more expensive?
Havant leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Last month we had a mortgage agreed in principle with Lloyds. Havant conveyancing solicitors are instructed. What is the average time that one could expect to receive a mortgage offer from Lloyds?
Some lenders take longer than others. Have Lloyds completed the survey? Have you advised Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have decided to exercise my right to buy my property in Havant off the council. I have a mortgage agreed with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
Completion of my purchase has taken place for my property in Havant. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
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 process of conveyancing 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…’
Is it best to choose a Havant conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can handle the legal formalities however his firm is located 300miles drive away.
The benefit of a high street Havant conveyancing firm is that you can visit the firm to sign paperwork, deliver your identification documents and pester them if necessary. Having local Havant know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that should trump using an unfamiliar Havant conveyancing lawyer solely due to them being Havant based.