AssumingI was to purchase a straightforward propertyin Lee On The Solent mortgage fee and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Lee On The Solent?

Any savings you would gain will be isolated to the costs for searches. The conveyancing practitioner is obliged to do the vast majority of work - money laundering, correspond with your sellers conveyancing practitioner, stamp duty return, register the ownership etc. You might save a bit for them not having to register a mortgage but it will not be significant.

We note that you have a post code search directory identifying solicitors on the Leeds Building Society conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Lee On The Solent?

We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Lee On The Solent.

Will my conveyancing lawyers need to check that the building insurance when buying a house in Lee On The Solent. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 10/12/2024, the requirements read as follows :

Have just purchased a probate house at auction in Lee On The Solent. Conveyancing is required. What are my next steps?

Now that you have exchanged you will need to hire the services of a conveyancing lawyer as a matter of urgency as you now have a tight a drop dead date to complete the conveyancing. All auction property will have a bespoke legal pack. This will likely include most,if not all of the paperwork that your solicitor requires. Where you are dealing with leasehold property the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You should give this to the conveyancer working for you as soon as possible. You also need to ensure that you have funds organised to complete the transaction on the set completion date.

We have agreed to purchase a house in Lee On The Solent. A rare aspect is that the roof has a solar panel. Principality have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

As you are obtaining a mortgage with Principality your lawyer must comply with the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Principality. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Principality where a lease does not comply with these provisions. The conditions relate to the installation of panels on properties countrywide and is not restricted to Lee On The Solent.

I am currently in the process of buying my council flat in Lee On The Solent. I have a mortgage agreed with Lloyds. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.

Last August I purchased a leasehold house in Lee On The Solent. Am I liable to pay service charges relating to a period prior to my ownership?

In a situation 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. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element 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).

Leasehold Conveyancing in Lee On The Solent - Sample of Queries Prior to Purchasing

Please inform me if there are any major works on the horizon that will likely increase the maintenance fees? How is the lease structured? The best form of lease structure is where the freehold interest is owned by the leaseholders. In this situation the leaseholders benefit from control and notwithstanding that a managing agent is often employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.