My son is about to exchange on a house that has just been built in Hailsham with a mortgage from Co-operative. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Co-operative conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can I use your services to locate a Conveyancing solicitor in Hailsham even where I’m not purchasing or disposing of a house, for instance where I wish to buy a shop in Hailsham with a loan from Leeds Building Society?
The service is mainly there to locate domestic conveyancing solicitors in Hailsham but we have listed towards the end of this page a selection of Hailsham commercial conveyancing firms. You will need to enquire with the firm directly to see if they can also act for Leeds Building Society
The Hailsham conveyancing lawyers that I recently instructed on my purchase in Hailsham have suddenly closed. They were on acting for me because I needed a lawyer on the Bank of Ireland conveyancing panel and my previous Hailsham lawyer was not. I paid them money on account. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Bank of Ireland conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
Have just purchased a probate house at auction in Hailsham. Conveyancing is required. What happens now?
Now that you have legally committed yourself to purchase you must choose a conveyancing solicitor as a matter of urgency as you are facing a fast approaching a drop dead date to complete the transaction. An auction property will have a corresponding auction pack. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to leasehold premises. You must hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds organised to complete on the date specified in the contract.
We previously selected conveyancers locally in Hailsham on the Nottingham solicitor approved list. They are now charging me a separate amount for dealing with the Nottingham mortgage. Is this a supplemental conveyancing fee set by Nottingham?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your conveyancer can levy a fee for this. The fee is not dictated by Nottingham but by your Hailsham conveyancer. Plenty of firms on the Nottingham panel will quote ’dealing with mortgage’ fee but some firms include it on their overall fee.
Yorkshire BS have agreed my home loan in principle, my bid on a apartment in Hailsham has been accepted, now what?
Your estate agent will want to know who your solicitors are (ensure that the conveyancers are on the bank’s approved list). Telephone Yorkshire BS or your financial adviser and finish off any relevant forms. Yorkshire BS will sellect a valuer who will get in contact with the estate agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hailsham.
Just had an offer accepted on a new build apartment in Hailsham. Conveyancing is daunting 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 is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Hailsham
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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.
I am looking for a ground for flat up to £235,500 and found one near me in Hailsham I like with open areas and station in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Hailsham suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.