At what point does exchange of contracts take place for purchase conveyancing in Bordon and am I required to be at the lawyers branch?
If you are in close proximity to one of the conveyancing solicitors in Bordon you are invited in to sign contracts. That being said, the law practices we work with offer a countrywide conveyancing service and give just as comprehensive and professional a job for you when communicating with you by post or email. The executing of the contract is not the important part. A signed contract is necessary for the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bordon)to be in the office at the appropriate time.
I am about to put an offer on a leasehold property in Bordon. The selling agents tell me that it is usual for flats in Bordon to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Tesco Bank. Is this going to be acceptable if the lease has 72 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/7/2026 the requirements read as follows :
four months have gone by since my purchase conveyancing in Bordon took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 residence 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.
How does conveyancing in Bordon differ for newly converted properties?
Most buyers of new build property in Bordon approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Bordon tend to buy 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 property lawyers 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 accustomed to new build conveyancing in Bordon or who has acted in the same development.
Do I need to be suspicious by third parties that I am dealing with are suggesting a nationwide conveyancing firm rather than a High Street Bordon conveyancing company?
As with many service providers, often suggestions from relatives can be extremely useful or valuable. Yet there are numerous players in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all recommend lawyers to retain. Sometimes the solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You have the right to choose your own lawyer. However, bear in mind that the majority of lenders operate an approved list of conveyancers you must use for the mortgage aspect of your conveyancing.
I've recently bought a leasehold flat in Bordon. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure 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).
Bordon Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
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Make sure you investigate if the the lease includes any onerous restrictions in the lease. By way of example it is very common in Bordon leases that pets are not allowed in in a block in Bordon. If you love the propertyin Bordon yet your dog can’t move with you then you have a very difficult determination. This question is useful as a) areas could result in problems in the block as the communal areas may begin to deteriorate if maintenance are not paid for b) if the leaseholders have a dispute with the managing agents you will wish to have all the details