My husband and I are hoping to buy a flat in Waterlooville and have appointed a Waterlooville conveyancing practice. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Bank of Ireland have this evening contacted us to inform me that there is now an issue as our Waterlooville solicitor is not on their approved list of lawyers. Please explain?

When purchasing a property with mortgage finance it is usual for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Waterlooville solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.

Should commercial conveyancing searches reveal impending roadworks that could impact a commercial estate in Waterlooville?

Its becoming the norm that commercial conveyancing solicitors in Waterlooville will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Waterlooville. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Waterlooville.

For each commercial conveyancing transaction in Waterlooville it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Waterlooville commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Waterlooville.

four months have elapsed following my purchase conveyancing in Waterlooville completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am looking into buying my first house which is in Waterlooville and I am already nervous. I couldn't find anything specific about Waterlooville. Conveyancing will be needed in due course but do you know about the Waterlooville area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Waterlooville. In the meantime here are some basic statistics that we found

Back In 2002, I bought a leasehold house in Waterlooville. Conveyancing and Yorkshire Building Society mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Waterlooville who previously acted has long since retired. Do I pay?

First contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Waterlooville conveyancing firm to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I acquired a garden flat in Waterlooville, conveyancing formalities finalised 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Waterlooville with a long lease are worth £206,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2090

You have 66 years unexpired the likely cost is going to be between £11,400 and £13,200 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.