Our solicitor has discovered a a problem with the lease for the apartment we are buying in West Sussex. The other side have put forward title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor has advised that he must be satisfied that the mortgage company is content with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their conditions 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 mortgage company are the client. The appropriate lender provisions must be adhered to.
I am buying a detached bungalow in West Sussex. The intention is to an extension at the rear at the house.Will the conveyancing process include investigations to see if these alterations are prohibited?
Your solicitor will check the deeds as conveyancing in West Sussex can on occasion identify restrictions in the title deeds which prohibit categories of works or require the consent of another owner. Many works require local authority planning permissions and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
We have a mortgage agreed in principle with Nationwide. West Sussex conveyancing practitioners were appointed. How long does it take for Nationwide to forward the offer to the property lawyer?
Some lenders take longer than others. Have Nationwide conducted the survey? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Intending to buy a flat in West Sussex. 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 Clydesdale 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 West Sussex property lawyer is on the Clydesdale conveyancing panel.
Just had an offer accepted on a new build apartment in West Sussex. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in West Sussex
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.
I have been on the look out for a ground for flat up to £195,000 and identified one near me in West Sussex I like with a park and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in West Sussex for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
In searching the world wide web for the term on line conveyancing in West Sussex it shows results of many property lawyerslocally. How do I determine which is the right conveyancing solicitor for my move?
The preferential method of seeking a suitable conveyancer is via trusted referral, so seek the opinion of colleagues and relatives who have acquired a property in West Sussex or a local estate agent or financial adviser. Costs for conveyancing in West Sussex differ, so it's sensible to secure at least three fee calculations from varying types of solicitors. Be sure to obtain confirmation that the fees are fixed.
My brother mentioned that before selecting a conveyancing firm they need approved by your lender. I am first time buyer with but I have an AIP from Birmingham Midhshires and I already have a bricks and morter conveyancing lawyer in West Sussex in place. Will HSBC need an approved solicitor to be instructed? If so, where do I find that list for my conveyancing in West Sussex?
You need to choose a solicitor that is on the HSBC panel. Simply telephone your preferred West Sussex conveyancing solicitor and ask if they are on the HSBC panel. If they are not approved you have a couple of choices open to you here:
- Carry on with your chosen West Sussex property lawyer but HSBC will undoubtedly use a solicitor on their approved list. The net impact is additional cost together with potential interruption.
- Get a new conveyancer to act in the purchase, making sure they are on the HSBC conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the HSBC panel of solicitors.