Is it possible for conveyancing in Fratton and Portsea to be concluded in 3 weeks?

In the event that you are under pressure for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will have local contacts and know-how. It is possible that they could have conducted previousproperties in the same road. You would be best advised to use a Fratton and Portsea conveyancing solicitor. Second, double check that the lawyer is on the member panel. It is believed that nearly one in five of Fratton and Portsea conveyancing deals are frustrated or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s panel. This can often result in the transaction being held up by an average of three weeks. It is estimated that this issue affects in the region of one hundred thousand home moves every year. Most Fratton and Portsea conveyancing practices can not act for certain mortgage companies so do check as early as possible.

Is there a reason why leasehold purchase conveyancing in Fratton and Portsea is more expensive?

Fratton and Portsea leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

The estate agent has sent us the confirmation of our purchase of a new build flat in Fratton and Portsea. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Fratton and Portsea

If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.

Due to the advice of my in-laws I had a survey completed on a property in Fratton and Portsea before retaining conveyancers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may refuse to give a mortgage on a flying freehold home.

It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fratton and Portsea. Conveyancing will be smoother if you use a solicitor in Fratton and Portsea especially if they are familiar with such properties in Fratton and Portsea.

Been looking for a lawyer for freehold sale conveyancing in Fratton and Portsea. We are selling, uncomplicated no mortgage to pay off, no rush, currently empty. Had an estimate from a solicitor for £1000 including VAT which is a tad high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Fratton and Portsea?

Considering it’s a sale only, £500 + VAT should be about the cheapest for sale conveyancing in Fratton and Portsea.