My wife and I are hoping to buy a 2 bedroom apartment in Crawley with a mortgage. We would like to retain our Crawley solicitor, but the mortgage company says he's not on their "panel". We have to appoint one of the lender panel solicitors or retain our Crawley conveyancing practitioner and pay for one of their panel lawyers to represent them. This feels very unfair; are we not able to require that the mortgage company use our Crawley solicitor ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Crawley conveyancing lawyer to apply to be on the conveyancing panel.
Is there a search tool that I can use to discover of the solicitor conducting my conveyancing in Crawley is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus spending £192.00 in supplemental conveyancing costs.
Feel free to make the most of the search tool on this web page. Pick the mortgage company and type ‘Crawley’ or your preferred area and you will be presented with numerous solicitors based in Crawley or near you.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Crawley?
There are two types of lawyers who can execute conveyancing in Crawley namely licenced conveyancers or solicitors. The two can handle conveyancing services that required to complete the disposal or acquisition of property. They are both duty bound to carry out Crawley conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that the necessary procedures should be accurately adhered to.
I happen to be the only beneficiary of my late grandmother’s estate and I have everything in my name now, including the my former home in Crawley. The Crawley property was put into my name in October. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership may be regarded the same way as if I'd bought the property in October. Is the property unsalable for six months?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. How practical a view lenders take of it, depend on the lender as this clause chiefly exists to identify subsales or the flipping of property.
is it true that all Crawley solicitor firms on the Lloyds conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Lloyds conveyancing panel they would need to be governed by the SRA. Some banks do list licenced conveyancers on their panel in which case such organisation would be governed by the CLC.
I am purchasing my first flat in Crawley with a loan from Halifax. The builders would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about the extras as it will put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a conveyancing practitioner in Crawley for my home move. Can I check a solicitor's complaints history with the legal regulator?
Members of the public may review presented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.
I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Crawley. Conveyancing solicitors have not yet been instructed. Will they explain the issues?
The majority of houses in Crawley are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Crawley so you should seriously consider looking for a Crawley conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to carry out alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your solicitor will report to you on the legal implications.
I am the registered owner of a leasehold flat in Crawley, conveyancing having been completed in 2000. How much will my lease extension cost? Corresponding flats in Crawley with over 90 years remaining are worth £211,000. The ground rent is £45 per annum. The lease finishes on 21st October 2092
With only 67 years left to run we estimate the price of your lease extension to span between £10,500 and £12,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.