My property lawyer in Hailsham is not listed on the Norwich and Peterborough Building Society Conveyancing Panel. Can I still continue with my prefered solicitor notwithstanding that they are excluded from the Norwich and Peterborough Building Society panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your existing Hailsham lawyers but Norwich and Peterborough Building Society will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the total legal fees and result in delays.
- Find an alternative lawyer to to deal with the conveyancing, obviously checking they are Persuade your solicitor to use their best endeavours to join the Norwich and Peterborough Building Society conveyancing panel
When it comes to mortgage companies such as Principality, do Hailsham conveyancers have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We have agreed to purchase a house in Hailsham. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that your lender is HSBC your lawyer must check the conveyancing requirements contained in Part two of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and solicitors are required to report to HSBC where a lease does not satisfy these specifications. The provisions relate to the installation of panels on properties countrywide and is not limited to Hailsham.
I am expecting a OIP from Barclays this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Hailsham solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Hailsham solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Hailsham is the location of the property. What do you suggest?
Flying freeholds in Hailsham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hailsham you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hailsham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm remortgaging my existing house to a BTL mortgage with Halifax and I will use the ballance of the raised equity as a deposit on further property. The neighborhood we are talking about is Hailsham. Will your lawyers be able to act for the two lenders and link together the conveyances?
Make use of our comparison tool on this site to be sure that the solicitors are on the relevant lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and communicate your desired outcome and requirements.
Back In 2005, I bought a leasehold house in Hailsham. Conveyancing and Bank of Ireland mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Hailsham who previously acted has long since retired. What should I do?
First make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Hailsham conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a basement flat in Hailsham, conveyancing formalities finalised 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Hailsham with a long lease are worth £190,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2086
With just 61 years left to run we estimate the premium for your lease extension to span between £18,100 and £20,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
My husband and I have AIP from Godiva Mortgages Ltd who have advised that they will lend up to £218k. At what point do I need to instruct a practitioner for conveyancing? Hailsham is where we plan to move to.
It would be wise to instruct a property lawyer now and ask them to generate a file on your behalf. This will kickstart: 1) the estate agent to issue a Sales Memorandum to all parties 2) the seller’s conveyancer to submit the draft agreement. That being said, do not instruct your conveyancer to order searches until you have your valuation report via Godiva Mortgages Ltd and you are happy to move forward.