What is the first thing I need to know concerning purchase conveyancing in Hilsea?
You may not hear this from too many lawyers but conveyancing in Hilsea or throughout Hampshire is an adversarial experience. In other words, when it comes to conveyancing there exists lots of room for conflict between you and other parties involved in the ownership transfer. For instance, the seller, selling agent and sometimes your bank. Choosing a solicitor for your conveyancing in Hilsea should not be taken lightly as your conveyancer is your adviser, and is the ONLY person in the process whose responsibility is to act in your best interests and to protect you.
There is a worrying creep in the "blame" culture- someone must be at fault for the process taking so long. You should always trust your lawyer above the other players in the conveyancing process.
My home in Hilsea is up for sale and I have a purchaser. Does the lawyer need to be required to be on the Leeds Building Society conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
We are buying a apartment in Hilsea. I might seem paranoid but how we can trust a conveyancer? On completion day we have to send funds 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.
A friend pointed out to me me that in buying a property in Hilsea there may be a number of restrictions preventing external changes to a property. Is this right?
There are a number of properties in Hilsea which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Hilsea should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can I be sure that the Hilsea conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Hilsea seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer carrying out your transaction.
I have been told that property searches are the main cause of stalling in Hilsea house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Hilsea.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Hilsea I like with open areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Hilsea for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the shortness of the lease will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.