I am getting a offer of a home loan from Nat West. I would like to retain the legal services of a Licensed Conveyancer in Hove. Does the Nat West Solicitor panel exclude Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My wife and I purchased a semi-detached Georgian house in Hove. Conveyancing lawyer acted for me and Halifax. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the exact same address. Is it worth asking Halifax to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hove and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
Just had an offer accepted on a new build apartment in Hove. 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 is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Hove
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Am I right to be concerned about 3rd parties that I am dealing with are suggesting an online conveyancing firm as opposed to a High Street Hove conveyancing firm?
As with many professional services, often suggestions from family and friends can be extremely useful or valuable. Yet there are lots of people with a vested interest in a conveyancing matter; estate agents, mortgage brokers and banks might all recommend solicitors to choose. On occasion the conveyancers might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You have the right to select your preferred lawyer. You need to be aware that the majority of lenders operate an approved list of solicitors you are obliged to use for the lender aspect of your transaction.
We're first time buyers - had an offer accepted, but the property agent advised that the owners will only issue a contract if we appoint the agent's recommended solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer who is familiar with conveyancing in Hove
We suspect that the owner is not behind this requirement. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are chain free (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Hove conveyancing lawyers - not the ones that will earn their negotiator at the agency a referral fee or achieve conveyancing figures demanded by HQ.
I am intending to sublet my leasehold flat in Hove. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Your lease dictates relations between the freeholder and you the flat owner; specifically, it will indicate if subletting is banned, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Hove do not contain subletting altogether – such a clause would adversely affect the market value the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.
I own a leasehold flat in Hove, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Hove with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease ceases on 21st October 2077
You have 52 years left to run the likely cost is going to span between £29,500 and £34,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.