The West Sussex conveyancing firm handling our West Sussex conveyancing has identified an inconsistency between the assumptions in the valuation survey and what is in the title deeds. My solicitor informs me that he is duty bound to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance appropriate?
Your solicitor 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.
Finally the sale completed on my house in West Sussex last June yet the purchaser is calling daily to say his conveyancer needs to hear from mysolicitor. What should my lawyer have done now that I have sold?
Following your sale your lawyer is committed to deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer should also confirm that the home loan has been redeemed to the buyers lawyers. There are no post completion procedures just for conveyancing in West Sussex.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in West Sussex?
There are many recorded licenced Conveyancers in West Sussex and Solicitor partnerships in West Sussex who can assist with your conveyancing We would stress that the two are regulated professionals specialising in the legal aspects of the home buying process. They may both also deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I happen to be the single recipient of my late father’s estate with all property in now in my sole name, including the my former home in West Sussex. The West Sussex property was put into my name in January. I want to move. I do know about the CML 6 month 'rule', which means that my proprietorship will be regarded the same way as if I'd bought the property in January. Will no one buy the property for half a year?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How sensible a view lenders take of it, depend on the lender as this requirement is primarily there to pick up on subsales or the flipping of property.
I currently have a mortgage with Co-operative for my property in West Sussex. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?
Co-operative must be informed of your intention prior to letting out your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. It should not be necessary to do this via a Co-operative conveyancing panel solicitor.
Is it best to instruct a West Sussex conveyancing solicitor who is local to the property I am purchasing? An old friend can handle the conveyancing but her office is approximately 350miles drive away.
The benefit of a high street West Sussex conveyancing firm is that you can pop in to sign documents, hand in your identification documents and apply pressure on them if necessary. Having local West Sussex know how is a benefit. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that must trump using an unfamiliar West Sussex conveyancing solicitor solely due to them being local.
Can you offer any advice when it comes to choosing a West Sussex conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a West Sussex conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non West Sussex conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
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Can they put you in touch with clients in West Sussex who can give a testimonial? How familiar is the practice with lease extension legislation?
West Sussex Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
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Is there a share of the freehold? How much is the ground rent and service charge?
Me and my wife are FTB’s just having agreed a price on a property in West Sussex, and are about to get solicitors instructed. I have made use of the different comparison based websites and the fee estimates are from all across the country. Is it critical to have a West Sussex solicitor local to the prospective new home? I am content to do all the communicating electronically, but I assume at some point we may be required to visit the conveyancer's office to sign papers?
The conveyancing practitioner does not have to be in West Sussex, but opting for local means that you have the option to visit their offices if you need to, by way of example, if a signature is needed urgently. Furthermore, a West Sussex solicitor is likely to be familiar with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which should help keep things moving faster.