My wife and I are planning to buy a flat in Eastbourne and are in fact using a Eastbourne conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. Alliance & Leicester have this morning contacted us to inform me that they have now hit a problem as our Eastbourne lawyer is not on their approved list of lawyers. Please explain?
When purchasing a property with mortgage finance it is usual for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Eastbourne solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Can the conveyancing lawyers that you recommend carry out conveyancing in Eastbourne by way of an attended exchange?
We do have a number of conveyancing experts who can conduct personalised exchanges. You should contact us to secure a costs illustration and details as to dates.
My uncle pointed out to me me that in purchasing a property in Eastbourne there could be various restrictions prohibiting external changes to the property. Is this right?
There are anumerous of properties in Eastbourne which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Eastbourne should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can you point me to a directory of Virgin Money panel conveyancers in Eastbourne on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings viewable over the internet. Where you are seeking to appoint a Eastbourne conveyancing practitioner on the Virgin Money please use our facility.
I can not work out if my mortgage offer requires a lease extension. I have called into my local Eastbourne bank branch on a couple of occasions and was advised it wasn't an issue and they would lend. My Eastbourne conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend based on their specific requirements. I simply don't know who is right.
Your conveyancer must comply with the CML Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
About to purchase a new build apartment in Eastbourne. 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 legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Eastbourne
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
How do I use the search facility to find a conveyancing solicitor in Eastbourne on the approved list for my bank?
First pick a lender such as Barclays , Barnsley Building Society or Alliance & Leicester then choose your preferred area such as Eastbourne. Conveyancing organisations in Eastbourne and nationally will then be shown.
We're FTB’s - had an offer accepted, yet the estate agent informed us that the owners will only go ahead if we use the agent's recommended solicitors as they need a ‘quick sale’. We would rather use a local solicitor with experience of conveyancing in Eastbourne
We suspect that the seller is not behind this requirement. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are genuine purchasers (b)you are ready to go, with finances in place © you are chain free (d) you intend to proceed fast (e)but you intend to use your preferred Eastbourne conveyancing solicitors - not the ones that will earn their estate agent a kickback or hit his conveyancing figures demanded by corporate headquarters.