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

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Recently asked questions about conveyancing in Petersfield

We have rather brash sellers who has suggested a exclusivity agreement with a payment two thousand pounds. Are such arrangements generally advanced for Petersfield conveyancing transactions?

Lock out contracts are agreements binding a home vendor and prospective buyer granting the buyer exclusive rights to purchase the property for a limited period of time. For all intents and purposes, a lock out agreement is a contract stating that you will be issued with a contract at a later time being the contract for the actual sale. It is generally utilised for buyer protection though in some cases, the owner may enjoy an upside from such agreements as well. There are various pros and cons to having an agreement but you should to check with your lawyer but note that it may result in incurring more in conveyancing charges. For these reasons these agreements are unusual when it comes to conveyancing in Petersfield.

Do commercial conveyancing searches disclose impending roadworks that could affect a commercial premises in Petersfield?

Many commercial conveyancing solicitors in Petersfield will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Petersfield. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Petersfield.

For each commercial conveyancing transaction in Petersfield it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Petersfield commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Petersfield.

I am selling my property. My previous conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Petersfield if that affects matters.

Do use our search tool to help you choose a solicitor for your conveyancing in Petersfield. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.

Should I use a Petersfield conveyancing solicitor who is local to the property I am buying? I have an old university friend who can conduct the conveyancing but they are based 200miles drive away.

The primary upside of using a local Petersfield conveyancing firm is that you can pop in to sign documents, present your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and they were impressed that should surpass using an unknown Petersfield conveyancing lawyer just because they are based in the area.

Having checked my lease I have discovered that there are only Fifty years unexpired on my lease in Petersfield. I now want to get lease extension but my freeholder is can not be found. What are my options?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to demonstrate that you have made all reasonable attempts to find the landlord. For most situations an enquiry agent should be helpful to try and locate and prepare an expert document which can be accepted by the court as evidence that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to proving the landlord’s absence and the application to the County Court overseeing Petersfield.

I own a ground floor flat in Petersfield, conveyancing was carried out 7 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Petersfield with over 90 years remaining are worth £207,000. The ground rent is £60 invoiced every year. The lease runs out on 21st October 2081

With 57 years unexpired the likely cost is going to span between £28,500 and £33,000 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.

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