Can you explain why leasehold purchase conveyancing in Gosport costs more?

Gosport leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

My wife and I are buying a flat in Gosport. I might seem paranoid but how we can trust a solicitor? At some point we will need to deposit funds into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

I am buying a end of terrace house in Gosport. We would like to carry out an extension to the side at the house.Will legal work on the property involve enquiries to see if these works are permitted?

Your solicitor will review the registered title as conveyancing in Gosport will occasionally identify restrictions in the title deeds which restrict certain changes or necessitated the consent of another owner. Some additions require local authority planning permissions and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these issues with a surveyor before you commit yourself to a purchase.

We are getting a further advance on our home loan from Santander as we want to carry out renovations to our property in Gosport. Do we need to select a bricks and mortar Gosport solicitor on the Santander conveyancing panel to deal with the paperwork?

Santander would not normally require firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander panel.

How does the Landlord & Tenant Act 1954 impact my business premises in Gosport and how can you help?

The particular law that you refer to affords security of tenure to business leaseholders, granting the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Gosport

I am looking at a two flats in Gosport both have in the region of forty five years unexpired on the lease term. should I be concerned?

There are plenty of short leases in Gosport. The lease is a legal document that entitles you to use the premises for a period of time. As the lease gets shorter the saleability of the lease reduces and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.

I bought a split level flat in Gosport, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Gosport with a long lease are worth £221,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease terminates on 21st October 2095

With only 70 years unexpired the likely cost is going to be between £9,500 and £11,000 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

We had our home loan agreed in principle yesterday with our lender. We instructed a reputable conveyancer in Gosport last week. A couple of hours ago, our broker contacted us saying that the lender said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the bank had a say Is this legal?

You can actually instruct any lawyer you prefer to use for your conveyancing in Gosport however if they are not on the your bank's approved list you must pay an extra fee so the bank can retain their own conveyancer too. On occasion it is possible your solicitor may apply to get added to the lender list of approved firms. Do make the most of online tools including lenderpanel.com to find a conveyancing solcitor in Gosport on the bank panel. You can go into your high street mortgage company branch in Gosport. They will know some good conveyancing solicitors in Gosport on the approved list.