Please help - my lawyer says that chancel insurance is needed on my purchase. What is the level of cover for Hayling Island conveyancing?

The right level of chancel indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Barnsley Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.

We previously selected solicitors with offices in Hayling Island on the Principality solicitor approved list. They have just billed me a separate sum for dealing with the Principality mortgage. Is this a supplemental conveyancing fee specified by Principality?

As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your solicitor is entitled to charge a fee for this. The charge is not set by Principality but by your Hayling Island conveyancing practitioner. Numerous firms on the Principality panel will levy ’dealing with mortgage’ fee and others do not.

I was told four weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Hayling Island is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.

A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.

I used Wolstenholmes several years ago for my conveyancing in Hayling Island. I now require my file but the law firm has closed. What do I do?

You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hayling Island of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

How does conveyancing in Hayling Island differ for new build properties?

Most buyers of new build property in Hayling Island approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Hayling Island usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hayling Island or who has acted in the same development.

I have been on the look out for a ground for flat up to £195,000 and identified one near me in Hayling Island I like with open areas and transport links nearby, however it's only got 49 years unexpired on the lease. There is not much else in Hayling Island suitable, so just wondered if I would be making a mistake acquiring a short lease?

Should you require a home loan the shortness of the lease will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

There are a number of houses in Hayling Island on unadopted lanes. We are purchasing one such house. Are there any advantages to purchasing a residence on a privately owned road?

Hayling Island conveyancing lawyers are familiar with transacting houseson unadopted roads. Your solicitor should review the Land Registry data to identify any rights or responsibilities. In many cases there is a residents association that proprietors pay into for the upkeep of the road. Where one exists, the road should be maintained and look better than council adopted.