My wife and I are approaching an exchange on a house in Bognor Regis and my parents have transferred the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my conveyancer needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The solicitor is legally required to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
My wife and I are in the process of viewing houses in Bognor Regis and I am about to put in an offer. Is it best to have a solicitor on ‘stand by’? I will be getting a mortgage with Aldermore.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are obtaining a mortgage with Aldermore, make sure you remember to check that your lawyer is on the Aldermore conveyancing panel.
The formalities of my purchase has taken place for my property in Bognor Regis. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I am selling my house. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Skipton are being a right pain. The Bognor Regis solicitor who is on the Skipton conveyancing panel is recommending indemnity insurance as a solution but Skipton are insisting on a building regulation certificate. Why do Skipton have a conveyancing panel if they don't accept advice from them?
It is probably the case that Skipton have referred the matter to their valuer. The reason why Skipton may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Have completed on a a semi-detached house in Bognor Regis , how long should it take for the Land Registry to record my title? My Bognor Regis conveyancing solicitor has been painfully slow, so I want to check that my name is registered.
There is nothing unique about conveyancing in Bognor Regis registration formalities. Rather than based on location, timeframes can differ subject to the party submitting the application, whether there are errors and whether the Land registry communicate with any other parties. Currently roughly 80% of submission are fully dealt with in less than three weeks but occasionally there can be longer delays. Historically registration occurs once the buyer is living at the premises so post completion formalities is not always primary concern but if it is urgent that the the registration takes place urgently then you or your lawyers could contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Bognor Regis. Conveyancing is a frightening process 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 conveyancing.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Bognor Regis
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one round the corner in Bognor Regis I like with amenity areas and transport links nearby, however it only has 52 remaining years left on the lease. There is not much else in Bognor Regis in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may 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 current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I am downsizing from my property. My previous conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Bognor Regis if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Bognor Regis. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.