The Rottingdean conveyancing lawyers that I recently instructed on my purchase in Rottingdean have without warning shut down. They were on acting for me because I had to have a firm on the Aldermore conveyancing panel and my family Rottingdean lawyer was not. I paid them funds in advance. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
The formalities of my remortgage has taken place for my property in Rottingdean. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
It is unclear whether my lender requires a lease extension. I have called into my local Rottingdean building society branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Rottingdean conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend in accordance with their published requirements. Who do I believe?
As long as the lawyer is on the mortgage company approved list, she or he must comply with the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 left on the lease.
I am due to exchange contracts on my apartment. I had a double glazing fitted in August 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Coventry BS are being problematic. The Rottingdean solicitor who is on the Coventry BS conveyancing panel is recommending indemnity insurance as a solution but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS 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.
How does conveyancing in Rottingdean differ for new build properties?
Most buyers of new build premises in Rottingdean approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because builders in Rottingdean tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Rottingdean or who has acted in the same development.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Rottingdean I like with open areas and station in the vicinity, however it's only got 49 years on the lease. There is not much else in Rottingdean suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I am looking into buying my first house which is in Rottingdean and I am already nervous. I couldn't find anything specific about Rottingdean. Conveyancing will be needed in due course but do you know about the Rottingdean area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rottingdean. In the meantime here are some basic statistics that we found
My husband and I are 17 days into a leasehold purchase having been directed to conveyancers by the estate agent to carry out the conveyancing in Rottingdean. I am not happy. Could you help me find new solicitors?
They would need to be very bad in order to consider replacing them. Has your mortgage been sent? In the event that it has you need to make them aware of the new contact details and have the loan are re-sent. Your conveyancer should be on the banks panel to avoid supplemental expenses and complications. That should be your first question of the new solicitors. The search tool can assist you in finding a lender approved conveyancer for your home move in Rottingdean