Two weeks ago we had a mortgage agreed in principle with Co-operative. Newhaven conveyancing solicitors are selected. How long does it take for Co-operative to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Co-operative completed the valuation? Have you advised Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Barclays. I assume I don't need a Newhaven conveyancing practitioner on the Barclays panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I have a mortgage with Clydesdale for my property in Newhaven. Conveyancing has been completed a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Clydesdale?
Clydesdale must be informed of your intention in advance of renting your property as this is likely to be a breach of Clydesdale’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. You need not do this via a Clydesdale conveyancing panel solicitor.
I need some expedited conveyancing in Newhaven as I am under pressure to complete in less than one month. Thankfully I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you have the choice not to do searches although no lawyer would recommend that you don't. With lots of history conveyancing in Newhaven the following are examples of issues that can appear and adversely impact the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
I have been on the look out for a flat up to £245,000 and found one near me in Newhaven I like with open areas and station nearby, however it only has 49 years unexpired on the lease. There is not much else in Newhaven for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Reduce the price 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 could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
We're new to the buying process - had an offer accepted, yet the agent told us that the seller will only go ahead if we instruct the agent's preferred lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Newhaven
We suspect that the owner is not behind this demand. Should the owner require ‘a quick sale', alienating a genuine buyer is not the way to achieve this. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to appoint your preferred Newhaven conveyancing firm - not the ones that will provide their estate agent a commission or hit his conveyancing targets set by corporate headquarters.
I want to let out my leasehold apartment in Newhaven. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Some leases for properties in Newhaven do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
Newhaven Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing
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It is important to be aware if a new roof is being installed or some other major work is pending to be shared amongst the leasehold owners and will materially increase the the maintenance fees or necessitate a one time payment. Does this lease have in excess of 80 years unexpired? How many of the leaseholders are in arrears for their service charge payments?
I bought a property in Newhaven last 27/3/2024 and to date it is still not registered with HM Land Registry. It is part of a development site and my solicitor told me that it may take twelve months to complete the registration formalities. I have called the Land Registry directly and they have informed me the initial application was cancelled due to questions not being addressed in time. Should I be concerned?
It is your property lawyer that you really need to contact in order to satisfy any questions which have arisen as part of the registration formalities for your Newhaven property. Normal Newhaven conveyancing practice includes an undertaking on the part of the previous owner’s conveyancer that they will assist in resolving any registration raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.