In what way does my ID and proof of funds have anything to do with my conveyancing in Hove? Why is this being asked of me?
Hove conveyancing solicitors and indeed property lawyers accross the UK have a duty under money laundering regulations to check the ID of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill no more than three months).
Confirmation of the origin of monies is also required in accordance with the money laundering statutes as lawyers are obliged to investigate that the money you are using to acquire a property (be it the exchange deposit or the full purchase monies where you are a cash purchaser) has come from a reputable source (such as employment savings) and is not the product of illegitimate activity.
I happen to be the sole beneficiary of my late father’s estate with all property in now in my sole name, including the house in Hove. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship could be considered the same way as though I had purchased the property in December. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. How practical a view banks take of it, depend on the bank as this provision primarily exists to capture subsales or the wholesaling and assigning of property.
We have a mortgage agreed in principle with Kent Reliance. Hove conveyancing lawyers have been appointed. How long does it take for Kent Reliance to send the offer to the conveyancer?
Some lenders take longer than others. Have Kent Reliance completed the survey? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
At last I have had an offer on a flat in Hove agreed to, but there is a chain. The sellers have offered on somewhere, but it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Hove. What should be my next step? When should I get the mortgage application with Skipton going?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then survey, Hove conveyancing search costs, etc). The first course of action is to ensure that your solicitor is on the Skipton conveyancing panel. Regarding the subsequent steps this very much dictated by the circumstances of your case, attraction to this property and on the state of the market. During a hot market some buyers would apply for the mortgage with Skipton and pay for the valuation and only if it comes back ok would they pay their conveyancer to move forward with searches.
I opted to have a survey completed on a property in Hove in advance of instructing lawyers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not give a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hove. Conveyancing will be smoother if you use a solicitor in Hove especially if they are acquainted with such properties in Hove.
I need to retain a conveyancing solicitor for sale conveyancing in Hove. I've land on a web site which seems to have the ideal offering If it is possible to get all this stuff done via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Estate agents have just been given the go-ahead to market my ground floor apartment in Hove. Conveyancing is yet to be initiated, however I have recently received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as usual given that all ground rent and service invoices should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I invested in buying a 1st floor flat in Hove, conveyancing having been completed in 1999. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Hove with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2079
With 53 years remaining on your lease the likely cost is going to range between £27,600 and £31,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
I need to find a bank panel solicitor in Hove. Could you help me?
It is not clear why you need a Hove panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Hove are on their panel . If you do find such a firm in Hove not listed please direct them to our site to list. After all the cost is only one £1 a month