We selected a high street firm for our conveyancing in East Sussex today. Upon checking the Terms and Conditions I seewe are on the hook for costs even if the sale aborts. Should I ditch them and instruct a web based lawyer promoting no completion no cost conveyancing in East Sussex?
Generally there is a concession along the lines that if "No Sale No Fee" is offered then the conveyancing charges will generally be uplifted to cover those transactions that do not proceed. Please beware that such schemes tend not to cover outlay such your East Sussex conveyancing search costs.
Our solicitor has uncovered a defect with the lease for the flat we are buying in East Sussex. The seller’s lawyers have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor says that he must ensure that the mortgage company is happy with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
My wife and I are buying a apartment in East Sussex. It might be a silly question but how we can trust a lawyer? On completion day we will need to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am the only recipient of my late grandmother’s will with all property in now in my sole name, including the my former home in East Sussex. Conveyancing formalities meant that the Land Registry date was in March. I plan to dispose of the property. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership could be regarded the same way as if I'd bought the house in March. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. many mortgage companies would take a practical view as this provision is chiefly there to identify the purchase and immediately sell or the wholesaling and assigning of property.
Last month we had a mortgage agreed in principle with Clydesdale. East Sussex conveyancing practitioners were chosen. How long does it take for Clydesdale to send the offer to the conveyancing practitioner?
There is no definitive answer here. Have Clydesdale completed the survey? Have you advised Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have justbeen informed that Stirling Law have closed. They carried out my conveyancing in East Sussex for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of East Sussex conveyancing specialists.
I decided to have a survey completed on a property in East Sussex prior to appointing solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some banks may not give a loan on such a property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in East Sussex. Conveyancing may be slightly more expensive based on your lender's requirements.
My conveyancers in East Sussex have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the bank conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the bank directly.