Souldretaining a Eastleigh conveyancing firm make my purchase more efficient?

Existing third party connections are another important factor to consider when appointing conveyancing lawyers. Eastleigh law firms enjoy connections with lenders and Eastleigh, local authorities, valuers and other law firms meaning the whole process is going to be much more straightforward for you. Possessing specialist insight into the local area is an advantage.

Due to move into my new home in Eastleigh next Tuesday. My conveyancer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the lender. What risks does the bank expect the insurance to cover?

All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These obligations are not unique to conveyancing in Eastleigh.

About to purchase a new build apartment in Eastleigh. 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.

Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Eastleigh

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 control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Eastleigh I like with a park and railway links in the vicinity, however it only has 51 years on the lease. There is not much else in Eastleigh suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

The conveyancing solicitors undertaking our conveyancing in Eastleigh has sent documents to review that show the land is unregistered with epitome documents. How can it be that the property not registred at the Land Registry?

Whilst most properties in Eastleigh are now registered with HMLR there are still some that remain unregistered. Any property in Eastleigh that has been remortgaged since the late 1980’s will have been registered at the HM Land Registry under the compulsory ‘first registration’ scheme. However, if a Eastleigh property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Eastleigh conveyancing practitioners will be capable of dealing with this type of conveyancing but if any uncertainty exists the standard guidance nowadays is for the seller to register the title first and subsequently sell - this no doubt cause a protracted transaction.