I am under pressure from the mortgagee in possession of a property in Hassocks to complete within four weeks. What can I do to speed up the conveyancing process?
In the event that the seller is applying pressure to complete it is advisable to make sure that your conveyancer is familiar with the area as they will benefit local relationships and know-how. It is possible that they may have transacted previoushouses in the same street. You would be best advised to use a Hassocks conveyancing solicitor. Second, double check that the lawyer is on the lender panel. It is believed that just under twenty per cent of Hassocks conveyancing deals are suspended or derailed after discovering a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the legal transfer of property being held up by as much as three weeks. It is said that this issue affects in the region of one hundred thousand home sales every year. Almost all Hassocks conveyancing firms can not act for certain mortgage companies so do check at the outset.
Can you explain why leasehold purchase conveyancing in Hassocks is more expensive?
Hassocks leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I have recentlyfound out that Action Conveyancing have closed. They conducted my conveyancing in Hassocks for a purchase of a freehold house 9 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest way to check if the premises is in your name, 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 Hassocks conveyancing specialists.
I am buying my first flat in Hassocks with a mortgage from Clydesdale. The developers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not disclose to my conveyancer about this extras as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Hassocks I like with open areas and station in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Hassocks in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I am downsizing from my house. My former conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Hassocks if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Hassocks. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.