It is is a decade since I purchased my home in Saltdean. Conveyancing lawyers have just been instructed on the sale but I am unable to track down the deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be retained by the lender or they may stored with the solicitor who acted in your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring current official copies of the land registers. Almost all conveyancing in Saltdean relates to registered property but in the unlikely event that your property is not registered it is more problematic but is resolvable.
How do I discover of the solicitor conducting my conveyancing in Saltdean is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus paying £187.00 plus VAT in supplemental legal costs.
Feel free to make the most of the search tool on this site. Pick the mortgage company and type ‘Saltdean’ or your location and you will discover numerous conveyancers offices in Saltdean or by proximity to you.
I am assisting my step-mother sell her flat in Saltdean. Does the conveyancer arrange an energy assessment or it is for the owner to see to?
Following the abolition of Home Information Packs, energy performance certificates was maintained a compulsory component of moving property. An energy performance certificate needs to be commissioned prior to the property being advertised. It is not something that lawyers ordinarily arrange. Where you are using a Saltdean conveyancing solicitor they might be willing to arrange energy assessments given their relationships with reputable Saltdean assessors
Does a directory service exist listing TSB panel solicitors in Saltdean on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings viewable over the internet. If you are seeking to appoint a Saltdean property lawyer on the TSB please make the most of our facility.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Saltdean bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Saltdean conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The conveyancing practitioner must follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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'm buying my first flat in Saltdean with a loan from Skipton Building Society. The sellers would not move on the amount so I negotiated 6k of extras instead. The estate agent advised me not disclose to my solicitor about this side-deal as it could affect my mortgage with Skipton Building Society. Is this normal?.
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.
I have been sourcing a conveyancing lawyer in Saltdean for my house move. Is it possible to check a solicitor's complaints history with the legal regulator?
You can review published Solicitor Regulator Association (SRA) determinations arising from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA may recorded telephone calls for training purposes.
I've found a house that seems to meet my requirements, at a reasonable figure which is making it more attractive. I have just found out that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Saltdean. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Saltdean ?
The majority of houses in Saltdean are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Saltdean in which case you should be shopping around for a Saltdean conveyancing practitioner and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’spermission to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer will report to you on the legal implications.
I bought a 1 bedroom flat in Saltdean, conveyancing was carried out 3 years ago. How much will my lease extension cost? Equivalent flats in Saltdean with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2102
You have 76 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.