We are a couple about to exchange contracts for a ground floor flat in Hove. We encountered a problem. The mortgage offer with Coventry Building Society expires on 2/9/2026 but the owners are putting forward a completion date of 4/9/2026. Is it possible to extend the loan offer?
The person best placed to deal with your issue is your solicitors who will hopefully determine if they corresponding with the bank, owner’s lawyers, selling agents or possibly all parties taking into account what has gone on in your transaction as of today.
Please help - my lawyer says that defective lease insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Hove?
The appropriate level of defective lease indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
Can I be sure that the Hove conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Hove seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor conducting your transaction.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Hove bank branch on various occasions and was reassured it wasn't a problem and they will lend. My Hove conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they would not lend based on their published requirements. Who do I believe?
Your property lawyer has to follow the CML Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
What will a local search reveal about the property I am purchasing in Hove?
Hove conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for example Searches UK The local search plays a central role in most Hove conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
In what way can the Landlord & Tenant Act 1954 impact my business offices in Hove and how can you help?
The 1954 Act gives a safeguard to commercial lessees, granting the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Hove is one of our numerous areas of the UK in which our lawyers are based
As co-executor for the estate of my grandfather I am disposing of a property in Newport but reside in Hove. My solicitor (who is 235 miles from merequires that I execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Hove who can witness this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Hove based
Do you have any advice for leasehold conveyancing in Hove from the point of view of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Hove can be avoided if you instruct lawyers the minute your agents start marketing the property and ask them to collate the leasehold documentation needed by the buyers’ representatives. The majority of freeholders or managing agents in Hove charge for supplying management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Hove. You believe that you know the number of years remaining on your lease but it would be wise to verify this by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to where the remaining number of years is below 75 years. It is therefore essential at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. If you have carried out any alterations to the premises would they have required Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Hove state that internal structural changes or addition of wooden flooring calls for a licence issued by the Landlord approving such alterations. Should you dont have the consents in place you should not communicate with the landlord without checking with your lawyer in the first instance.
I inherited a 2 bed flat in Hove, conveyancing having been completed 9 years ago. How much will my lease extension cost? Comparable properties in Hove with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease comes to an end on 21st October 2100
With 74 years left to run the likely cost is going to span between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.