I am not well enough to travel far from Worthing. Is there a reason why all Worthing lawyers are not on all bank panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in lenders purging less reputable firms off their books of approved property lawyers .
Our son is buying a house that has just been built in Worthing with a mortgage from Yorkshire BS. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Yorkshire BS conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
A friend advised me that if I am purchasing in Worthing I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Worthing conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Worthing around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Worthing Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Worthing.
Am I right to be suspicious by brokers that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a local Worthing conveyancing practice?
As is the case with many service providers, often referrals from connections can be worth their weight in gold. But there are many players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies might all recommend solicitors to use. On occasion these solicitors might be known to one of the organisations as being good in their field, but occasionally there is an underlying financial incentive behind the endorsement. You have the right to select your preferred conveyancer. However, bear in mind that most lenders have an approved list of lawyers you have to use for the mortgage aspect of your conveyancing.
I need to instruct a conveyancing solicitor for residential conveyancing in Worthing. I've land on a site which appears to be the perfect offering If it is possible to get all this stuff completed via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just started marketing my ground floor flat in Worthing. Conveyancing is yet to be initiated, but I have just received a half-yearly maintenance charge demand – should I leave it to the buyer to sort out?
It best that you clear the maintenance contribution as usual because all ground rent and service payments should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Worthing Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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Are any of leasehold owners in dispute over their service charge liability? This question is important as a) areas could cause problems for the block as the common areas may start to deteriorate if services are not paid for b) if the leasehold owners have a dispute with the running of the building you will want to know about it The majority of Worthing leasehold flats will incur a service charge for the upkeep of the block set by the landlord. If you acquire the flat you will have to pay this liability, normally in instalments accross the year. This may vary from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a ground rent to be met yearly, this is usually not a exorbitant sum, say about £25-£75 but you need to enquire as on occasion it can be many hundreds of pounds.