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Find a Portsmouth Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Portsmouth

I am assisting my step-mother sell her flat in Portsmouth. Will the solicitor order an EPC or do I organise this?

Following the demise of Home Information Packs, energy performance certificates was kept a required part of moving property. An energy assessment must be commissioned before the property is advertised. It is not a task that conveyancers ordinarily arrange. If you are instructing a Portsmouth conveyancing lawyer they may be willing to arrange EPC’s due to their relationships with long established local assessors

Can I be sure that the Portsmouth conveyancing solicitor on the Virgin Money panel is any good?

When it comes to conveyancing in Portsmouth seeking recommendations is a good starting point. 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 suggest that you speak with the lawyer handling your conveyancing.

My offer was accepted on an apartment in Portsmouth on 19/6/2019, valuation was booked five days later, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Skipton and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Skipton conveyancing panel. Are Skipton entitled to hold back the Mortgage pending the lawyer being on the approved list?

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.

How does conveyancing in Portsmouth differ for new build properties?

Most buyers of new build premises in Portsmouth come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Portsmouth tend to purchase 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 conveyancers 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 Portsmouth or who has acted in the same development.

Over the last few months I have been searching for a flat up to £305k and identified one round the corner in Portsmouth I like with a park and transport links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Portsmouth suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you need a home loan that many years will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

My husband and I are new on the property ladder - had an offer accepted, yet the estate agent advised that the seller will only go ahead if we use their chosen solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a family solicitor used to conveyancing in Portsmouth

It is improbable the owners are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Speak to the owners direct and make sure they comprehend that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your preferred Portsmouth conveyancing lawyers - not the ones that will earn their negotiator at the agency a introducer fee or achieve conveyancing figures set by HQ.

I am employed by a long established estate agency in Portsmouth where we have witnessed a few leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given contradictory information from local Portsmouth conveyancing solicitors. Could you shed some light as to whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Portsmouth Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying

    It is important to be aware if changing the roof or some other major work is coming up to be shared by the leasehold owners and will materially impact the level of the service fees or require a one off invoice. It would be prudent to discover if the the lease includes any adverse restrictions in the lease. For instance some leases prohibit pets being allowed in in a block in Portsmouth. If you like the propertyin Portsmouth yet your cat can’t make the move with you then you will be faced hard compromise.

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