Why do I have to pay up front for conveyancing in Ferring?
Where you are retaining lawyers for conveyancing in Ferring your solicitor will ask you to provide them with monies to cover the the cost of the conveyancing searches. Ordinarily this is asked for to cover the fees of the conveyancing searches. If any deposit is as part of the total price then this should be needed immediately before exchange of contracts. Any further balance that is due should be transferred a couple of days prior to the completion date.
My wife and I are purchasing a house in Ferring. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Ferring solicitor firms on the UBS conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the UBS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some lenders do list licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
The mortgage over my property is with Kent Reliance for my property in Ferring. Conveyancing has been completed 12 months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
You must advise Kent Reliance in advance of letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance 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 Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel lawyer.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Ferring?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Ferring. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Ferring is where the house is located. Can you offer any assistance?
Flying freeholds in Ferring are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ferring you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ferring may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it possible to transfer to a new conveyancer as I have to instruct a firm on the Yorkshire Building Society conveyancing list. I had appointed a family conveyancing solicitor in Ferring five minutes from me but he is not approved by Yorkshire Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Ferring on the Yorkshire Building Society panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Ferring. In making use of search facility on this site, you can scrutinise costs for conveyancing solicitors in Ferring and beyond.
I am purchasing a garden apartment in Ferring. Conveyancing solicitor is waiting for, from the vendor, building insurance paperwork. This afternoon I was informed that the seller needs to forward the insurance schedule for the flat above in addition. Why does my conveyancer want to check the insurance for the other flat? Is it really required? We have been waiting for the last 3 weeks…
It is not impossible in leasehold conveyancing in Ferring to discover Conveyancing in Ferring in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the landlord insuring the complete building - which is definitely better. Do contact your conveyancing practitioner but it would appear that your conveyancing practitioner is attempting to verify that the whole building is insured. Insuring your flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance cover.