Our Storrington conveyancer has spotted a difference when comparing the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My solicitor informs me that he is obliged to check that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I have an AIP. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would much rather appoint a specialised conveyancing solicitor in Storrington?
Do check but the the likelihood is that allocate you one of their panel solicitors should you take up the "fee-free" deal. Call the mortgage company and ask if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Storrington.
A friend informed me that in purchasing a property in Storrington there could be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Storrington which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Storrington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have decided to exercise my right to buy my property in Storrington off the council. I have a mortgage agreed with Nationwide. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
About to purchase apartment in Storrington. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds 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 Storrington lawyer is on the Lloyds conveyancing panel.
Do I need to pay for insurance to cover chancel repairs when purchasing a house in Storrington?
Unless a previous purchase of the house took place after 12 October 2013 you could assume that solicitors carrying out conveyancing in Storrington to remain encouraging a chancel search and or chancel repair liability policy.
Is it possible to transfer to a new firm as I need to choose one who is on the Godiva Mortgages Ltd conveyancing list. I instructed a local conveyancing solicitor in Storrington five minutes from me but he is not accepted by Godiva Mortgages Ltd
It would be our pleasure to help you find a conveyancing solicitor in Storrington on the Godiva Mortgages Ltd 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 Solicitors Regulation Authority who regulate all conveyancing solicitors in Storrington. In utilising search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Storrington.
I've recently bought a leasehold flat in Storrington. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a 2 bed flat in Storrington, conveyancing formalities finalised 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Storrington with over 90 years remaining are worth £186,000. The ground rent is £55 charged once a year. The lease comes to an end on 21st October 2077
With 52 years remaining on your lease the likely cost is going to range between £29,500 and £34,000 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.