Me and my partner are purchasing property in Hove. My property lawyer has never been on on the mortgage company approved list. Can I still use my Hove conveyancing solicitor notwithstanding that they are not on the lender approved list?
You will need to appoint a conveyancing practitioner to complete the formalities when you need a mortgage to purchase your home. The property lawyer will carry out all the essential investigations on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is dealt with. You can appoint a Hove conveyancer of your choosing. Nevertheless, where the property lawyer selected is not a member of the bank approved list supplemental fees will arise as separate legal representation will be need by the bank. Lender panel applications may be submitted, so where your conveyancer has not historically applied for membership they should take the opportunity to apply.
The Hove conveyancing firm handling our Hove conveyancing has uncovered a discrepancy when comparing the assumptions in the valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he is duty bound to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance correct?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My grandfather passed away last year and as sole heir and executor I was left the property in Hove. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Santander will insist on your using a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
I am helping my step-mother sell her flat in Hove. Does the conveyancing solicitor commission an EPC or it is for me to see to?
Following the abolition of HIPs, EPC’s became a compulsory element of moving house. An energy performance certificate must be to hand before the property is marketed. It is not a task that conveyancers ordinarily organise. Where you are instructing a Hove conveyancing lawyer they may be able to arrange energy assessments given their relationships with reputable local energy assessors
I have decided to exercise my right to buy my property in Hove off the council. I have a mortgage offer with Barclays. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
Intending to buy a flat in Hove. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hove solicitor is on the Virgin Money conveyancing panel.
I need some fast conveyancing in Hove as I am faced with pressure to exchange contracts inside 4 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you are at free not to have searches carried out although no solicitor would advise that you don't. With lots of history conveyancing in Hove the following are instances of what can crop up and therefore impact market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Road Schemes,...
My wife and I own a terraced Victorian house in Hove. Conveyancing lawyer acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hove and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who conducted the conveyancing.