We are expecting a mortgage offer soon. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to instruct a Saltdean based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers if you want the "fee-free" incentive. Speak to the lender to determine if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Saltdean.
We are getting a further advance on our home loan from Nottingham as we intend to conduct alterations to our home in Saltdean. Do we need to select a nearby Saltdean solicitor on the Nottingham conveyancing panel to handle the legals?
Nottingham would not normally appoint firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham conveyancing panel.
I have paid off my mortgage with Santander. I assume I don't need a Saltdean lawyer on the Santander panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander 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 Santander mortgage from the register. Santander, 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 Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
My sealed bid on a semi in Saltdean has been accepted, the sellers do however have a dependent purchase. The vendors have offered on a property, but it’s not yet tied up, and are looking at other properties booked. I have chosen a bricks and mortar conveyancing solicitor in Saltdean. What should be my next step? When should I get the mortgage application with Virgin Money going?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then survey, Saltdean conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Virgin Money approved list. Concerning the subsequent stages this very much depends on the specifics of your transaction, motivation for the property and on the state of the market. In a rising market many buyers would apply for the mortgage with Virgin Money and pay for the valuation and only if it comes back ok would they request their lawyer to proceed with the conveyancing in Saltdean.
What will a local search reveal concerning the property we're purchasing in Saltdean?
Saltdean conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for instance Searches UK The local search is essential in every Saltdean conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
Are there restrictive covenants that are commonly identified as part of conveyancing in Saltdean?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Saltdean. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Saltdean I like with amenity areas and transport links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Saltdean for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I need to appoint a conveyancing solicitor for my conveyancing in Saltdean. I happened to chance upon a site which looks to be the perfect answer If it is possible to get all formalities done via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?