Me and my fiance are purchasing a 2 bedroom flat in Southwick with a mortgage. We have a Southwick lawyer, but the lender advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or continue with our Southwick solicitor as well as pay for one of their panel firms to act for them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Southwick conveyancing solicitor to apply to be on the conveyancing panel.
We are a couple about to exchange contracts for a garden flat in Southwick. We have hit a snag. Our mortgage offer with Nottingham Building Society expires on 3/3/2026 but the sellers are putting forward a completion date of 5/3/2026. Can one prolong the mortgage offer?
The person best placed to address this issue is your conveyancer who will calculate if they corresponding with the lender, seller’s solicitors, property agents or conceivably all parties taking into account the circumstances your transaction to date.
What does my ID and proof of funds have anything to do with my conveyancing in Southwick? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms and Conditions that you are required to sign will no doubt stipulate this. Your lender will also require certain documents to be checked. If you refuse to provide identification documents, your solicitor would not be able to act for you.
We're first time buyers - agreed a price, but the agent advised that the vendor will only proceed if we use their chosen solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Southwick
It is improbable the vendors are behind this. If they desire ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and make the point that (a)you are serious buyers (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your preferred Southwick conveyancing lawyers - as opposed tothose that will provide their negotiator at the agency a referral fee or hit his conveyancing targets set by HQ.
I am in need of some leasehold conveyancing in Southwick. Before I get started I would like to find out the number of years remaining on the lease.
If the lease is registered - and almost all are in Southwick - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 2 bed flat in Southwick, conveyancing formalities finalised 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Southwick with an extended lease are worth £201,000. The ground rent is £45 per annum. The lease runs out on 21st October 2090
You have 65 years unexpired we estimate the price of your lease extension to be between £13,300 and £15,400 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.
How do I search for a Southwick conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 20miles to attend the lawyer.
You can use the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Southwick and you will see a number of lawyer located nearest Southwick. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.