Is the fact that my conveyancer in Saltdean is not on my lender's solicitor panel that there is a problem with the quality of his work?
That is most likely a wrong assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Saltdean conveyancing practice and enquire why they are no longer on the approved list for your bank.
This question may be naive but I am wet behind the ears as FTB of a ground floor flat in Saltdean. Do I receive the keys to the premises on the completion date from my lawyer? If so, I will instruct a High Street conveyancing solicitor in Saltdean?
On the day of completion you will not be required to go to the conveyancers office in Saltdean. Your solicitors will arrange to send the purchase money to the seller's conveyancers, and once they have received this, you will be able to receive the keys from the selling Agents and start moving into the property. Usually this occurs early afternoon.
I am due to move property in July. Should my conveyancing solicitor call the removal company on the completion day. On a separate note, can you put forward a removal company in Saltdean. Conveyancing solicitor was organised before I stumbled across your page.
On the day of completion you will need to collect the keys from your estate agent but this should only happen once the previous owners lawyers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. Subsequently you can inform the removal men that they can start moving you in. We are not in a position to suggest a specific removal organisation but can help you find a residential property solicitor in Saltdean or a legal practice that specialises in conveyancing in Saltdean.
Nottingham have agreed my mortgage in principle, my offer on a house in Saltdean has been agreed to, what happens next?
Your estate agent will need to be informed of your conveyancer's details (ensure that the property lawyers are on the lender’s approved list). Call up Nottingham or your broker and complete any outstanding paperwork. Nottingham will appoint a valuer who will get in touch with the selling agent or vendor to arrange a time for the valuation to take place. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Nottingham will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Saltdean.
I am buying a new build house in Saltdean with a mortgage from Barclays . The builders refused to reduce the price so I negotiated 6k of additionals instead. The estate agent told me not to tell my lawyer about this extras as it could put at risk my loan with Barclays . Should I keep quiet?.
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.
Is it possible to swap firm as I need to appoint one who is on the Lloyds TSB Bank conveyancing list. I was using a high street conveyancing solicitor in Saltdean five minutes from me but she is not accepted by Lloyds TSB Bank
We will our best to assist in finding you a conveyancing solicitor in Saltdean on the Lloyds TSB Bank panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Saltdean. Using search facility on this website, you can compare costs for conveyancing solicitors in Saltdean and throughout England and Wales.
My uncle has suggested that I appoint his conveyancing solicitors in Saltdean. Do I follow his advice?
No doubt it’s preferable to find a conveyancing lawyer is to get guidance from friends or relatives who have previously instructed the conveyancer that you are considering.
My wife and I purchased a leasehold flat in Saltdean. Conveyancing and Norwich and Peterborough Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Saltdean who acted for me is not around. Any advice?
First make enquiries of HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Saltdean conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a leasehold flat in Saltdean, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Saltdean with a long lease are worth £192,000. The ground rent is £55 invoiced annually. The lease terminates on 21st October 2079
With just 54 years unexpired we estimate the premium for your lease extension to range between £32,300 and £37,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.