My lawyer has uncovered a a problem with the lease for the property we are purchasing in Steyning. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancer says that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the lender?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. These conveyancing instructions have to be complied with.
How up to date is your search tool for Steyning conveyancing solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Steyning conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
My uncle passed away six months ago and as sole heir and executor I was left the property in Steyning. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then Leeds Building Society will insist on your using a conveyancer on the Leeds Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Leeds Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Leeds Building Society mortgage is registered as a charge at the Land Registry.
I am assisting my mother sell her house in Steyning. Does the solicitor arrange the energy performance certificate or should I organise this?
After the demise of Home Packs, energy assessments became a mandatory element of moving property. An energy assessment should be commissioned before the property is put on the market. This is not something that lawyers normally organise. Where you are instructing a Steyning conveyancing solicitor they may be willing to arrange energy assessments given their contacts with long established local assessors
We are due to move house in July. Does my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you recommend a removal company in Steyning. Conveyancing lawyer was chosen prior to coming across your website.
On the afternoon of completion you will need to collect the house keys from the property agent but this can only take place once the vendors conveyancers advise the agent that they acknowledge receipt of the completion payment and the keys can be passed over. After that you should inform the removal company that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can help you locate a residential property solicitor in Steyning or a legal practice with expertise in conveyancing in Steyning.
Intending to buy a maisonette in Steyning. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Yorkshire BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Steyning property lawyer is on the Yorkshire BS conveyancing panel.
I was advised by a few property agents in Steyning to get a quote from a property lawyer on your site. What’s the financial inducement for Estate Agents to offer your services over alternative conveyancing organisations?
We don’t make any commission for pointing buyers and sellers our way. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Back In 2009, I bought a leasehold flat in Steyning. Conveyancing and Barclays Direct mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Steyning who previously acted has now retired. What should I do?
First contact HMLR to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Steyning conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a leasehold flat in Steyning, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Steyning with over 90 years remaining are worth £197,000. The ground rent is £55 levied per year. The lease finishes on 21st October 2082
You have 56 years left to run we estimate the premium for your lease extension to range between £29,500 and £34,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account 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.