I have a decision in principle. The lender mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would much rather use a high street conveyancing solicitor in Lancing?
You should check but the chances are that give you one of their panel solicitors if you want the "fee-free" deal. Speak to the lender to explore if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Lancing.
I am close to exchanging contracts on the sale of our home in Lancing and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers are using a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Lancing. Having lived in Lancing for six years we know of no issue. Is it a good idea to contact our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I'm buying a new build house in Lancing benefiting from help to buy. The developers would not reduce the price so I negotiated 6k of extras instead. The property agent told me not reveal to my solicitor about this deal as it will put at risk my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the advice of my in-laws I had a survey completed on a house in Lancing before instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks tend not grant a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lancing. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lancing to see if the conveyancing costs will increase in light of this.
I have been recommended by a few selling agents in Lancing to get a quote from a property lawyer on your site. What’s the financial inducement for Estate Agents to promote your lawyers over another?
We refuse to offer any referral fee for pointing buyers and sellers our way. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
All being well we will complete the disposal of our £350,000 flat in Lancing next Monday. The managing agents has quoted £348 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Lancing?
Lancing conveyancing on leasehold apartments usually requires the buyer’s solicitor submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to these enquiries most will be willing to assist. They are entitled to invoice a reasonable administration fee for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some situations it is above £800. The management information fee required by the landlord must be sent together with a summary of rights and obligations in respect of administration charges, without which the charge is not strictly payable. Reality however dictates that one has no option but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
Lancing Conveyancing for Leasehold Flats - A selection of Queries before buying
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Be sure to discover if there are any onerous restrictions in the lease. By way of example it is very common in Lancing leases that pets are not allowed in in a block in Lancing. If you like the apartmentin Lancing yet your dog can’t live with you then you have a very hard determination. How many of the leaseholders are in arrears for their service charge payments? Does the lease include onerous restrictions?