We see that you have a post code search directory listing firms on the Lloyds conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Littlehampton?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Littlehampton.
My husband and I are purchasing a purpose built flat in Littlehampton with a mortgage from Platform Home Loans Ltd.We have a Littlehampton conveyancing solicitor but Platform Home Loans Ltd says her practice is not listed on their "panel". It seems we have little choice but to instruct a Platform Home Loans Ltd panel firm or retain our preferred solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Platform Home Loans Ltd use our lawyer?
No, not really. The home loan issued to you is subject to its various provisions, a common one being that conveyancers needs to be on the Platform Home Loans Ltd approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
Have purchased a a terraced house in Littlehampton , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Littlehampton conveyancing solicitor works at snail pace, so I want to be certain that my purchase is recorded.
There is nothing unique when it comes to conveyancing in Littlehampton registration formalities. As opposed to being determined by geographic area, timescales can vary subject to the party submitting the application, whether it is in order and whether the Land registry have to notify any other persons or bodies. As of today approximately 80% of such applications are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Historically registration occurs after the new owner has moved in to the premises thus post completion formalities is not typically an essential issue but where it is urgent that the the registration takes place urgently then you or your conveyancer could speak with the land registry and explain the circumstances.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Littlehampton I like with amenity areas and railway links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Littlehampton suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage that many years may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I am tempted by the attractive purchase price for a couple of flats in Littlehampton both have about 50 years left on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the value of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this area.
Littlehampton Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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On the whole the outlay for major works are not included within maintenance charges, albeit that a few managing agents in Littlehampton require leaseholders to pay into a sinking fund and this is used to offset against major repairs or maintenance. Does the lease have onerous restrictions? It is important to be aware whether redecorating or some other major work is due shortly to be shared amongst the leaseholders and could well dramatically increase the the maintenance charges or result in a specific invoice.
I'm buying a flat in Littlehampton. I have found my conveyancer's company on the Law Society's list, but I can't find my conveyancer's name on the list. Is this a big problem?
Not all staff in the practice must be listed by the regulator. Provided there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unqualified staff.