I am planning to acquire a house and need a conveyancing solicitor in Lee On The Solent who is on the solicitor. Can you recommend a local conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for in certain locations such as Lee On The Solent. We dont recommend any particular firm.

I have been told that property searches are the primary cause of obstruction in Lee On The Solent conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Lee On The Solent.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Lee On The Solent is where the house is located. Can you shed any light on this issue?

Flying freeholds in Lee On The Solent are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lee On The Solent you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lee On The Solent may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

I today plan to offer on a house that seems to meet my requirements, at a great figure which is making it more attractive. I have just discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Lee On The Solent. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Lee On The Solent ?

The majority of houses in Lee On The Solent are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are purchasing in Lee On The Solent so you should seriously consider shopping around for a Lee On The Solent conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’sconsent to conduct alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your conveyancer will appraise you on the various issues.

I acquired a garden flat in Lee On The Solent, conveyancing was carried out 1995. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Lee On The Solent with an extended lease are worth £165,000. The ground rent is £45 invoiced every year. The lease comes to an end on 21st October 50

With 50 years left to run the likely cost is going to be between £36,100 and £41,800 plus professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.

My step-son is about to join the property ladder, he had his mortgage in principle. One the offer was accepted on house we telephoned the mortgage company to move forward with his. We were shocked to learn that mortgage lenders do not accept all , they need to be on their approved list, is this right?

Lenders ordinarily restrict either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Lee On The Solent on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.