We opted for a local lawyer for our conveyancing in Rottingdean today. Reviewing the Terms and Conditions it is apparent thatwe are on the hook for fees even where the conveyance does not complete. Should I go with them or choose a web based conveyancing company offering no completion no charge conveyancing in Rottingdean?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the fee levels will generally be more expensive to cover the cases that do not go ahead. Please beware that these schemes generally do not protect you from outlay e.g. Rottingdean conveyancing search costs.
Our grandson is about to exchange on a newly built flat in Rottingdean with a mortgage from Santander. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Santander conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am assisting my step-mother sell her flat in Rottingdean. Will the conveyancer order an EPC or it is for the seller to see to?
After the demise of HIPs, energy performance certificates was left as a compulsory part of moving property. An energy assessment must be commissioned before the property is advertised. This is not something that solicitors normally arrange. Where you are using a Rottingdean conveyancing lawyer they might be able to arrange EPC’s given their contacts with reputable local energy assessors
I had a mortgage agreed in principle with Yorkshire BS. Rottingdean conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from Yorkshire BS?
There is no definitive answer here. Have Yorkshire BS done the survey? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am selling my house. I had a double glazing fitted in February 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Nottingham are being pedantic. The Rottingdean solicitor who is on the Nottingham conveyancing panel is saying indemnity insurance will be fine but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Should our conveyancer be raising enquiries about flooding as part of the conveyancing in Rottingdean.
The risk of flooding is if increasing concern for lawyers dealing with homes in Rottingdean. Some people will purchase a house in Rottingdean, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, but there are a number of checks that can be undertaken by the purchaser or by their solicitors which can figure out the risks in Rottingdean. The conventional set of information given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the seller to find out if the premises has ever been flooded. If flooding has previously occurred and is not notified by the vendor, then a purchaser could commence a legal claim for losses as a result of such an misleading response. A purchaser’s lawyers will also conduct an enviro search. This will indicate whether there is a recorded flood risk. If so, more detailed investigations should be initiated.
I work for a reputable estate agent office in Rottingdean where we have witnessed a number of flat sales put at risk due to leases having less than 80 years remaining. I have received conflicting advice from local Rottingdean conveyancing firms. Please can you clarify whether the seller of a flat can commence the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I invested in buying a leasehold flat in Rottingdean, conveyancing was carried out May 1999. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Rottingdean with an extended lease are worth £260,000. The ground rent is £50 yearly. The lease ends on 21st October 2099
You have 75 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Online reading suggests that Rottingdean solicitors are more expensive than licensed conveyancers in Rottingdean to use when buying a house. So is it better if I use a conveyancer or a solicitor where I am purchasing for my home move in Rottingdean.
When it comes to conveyancing in Rottingdean the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.