Please could you suggest a Skipton Building Society allowed Fareham conveyancing practice that can complete within 10 days? Am I best advised to unstruct a local Fareham conveyancer or a nationwide firm?

We would be happy to suggest some excellent Fareham conveyancing firms. Another option is to visit the high street in Fareham. Approach a couple of law practices and ask to speak with a conveyancing solicitor for a costs illustration. Mention your expectations together with the reasons and ask for a commitment on speed. Appoint the one that appears most efficient.

Why do I have to pay up front for my conveyancing in Fareham?

If you are buying a property in Fareham your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the total price then this will be asked for shortly in advance of contracts are exchanged. The closing balance that is due should be sent to your lawyer a couple of days prior to the completion date.

What does a local search inform me concerning the house I am purchasing in Fareham?

Fareham conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Xpress Legal The local search is essential in every Fareham conveyancing purchase; as long as you don’t want any nasty surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.

About to purchase a new build apartment in Fareham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Fareham

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I've recently bought a leasehold property in Fareham. Am I liable to pay service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I purchased a 2 bed flat in Fareham, conveyancing formalities finalised July 2006. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Fareham with a long lease are worth £260,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2099

With just 74 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.