The conveyancer who helped my last purchase has sent a quote for £1400 for fixed fee conveyancing in Hassocks. I’m looking to sell a purpose built property for £300,000. This sounds overpriced. Is it above what I should be paying for conveyancing in Hassocks?
The costs illustration is fractionally on the steep side. Where you are prepared to expend time contrasting costs you may be able to reduce the fees marginally by as much as £100 plus VAT. On the other hand, you couldcome to regret opting for an an unknown solicitor. Don't forget to check the firm can act for your lender. Do employ our search tool to choose a Hassocks conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Hassocks.
My partner and I are refinancing our penthouse in Hassocks with TSB. We have a son 19 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the apartment is forfeited by the lender. I have a couple of questions (1) Is this form unique to the TSB conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your TSB conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to TSB. This is solely used to protect TSB if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of TSB had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am the registered owner of a freehold house in Hassocks but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Hassocks and has limited impact for conveyancing in Hassocks but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
How does conveyancing in Hassocks differ for new build properties?
Most buyers of new build residence in Hassocks come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Hassocks tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hassocks or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Hassocks is where the house is located. Is there any advice you can give?
Flying freeholds in Hassocks 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 Hassocks you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hassocks may decide 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 premises.
Can you please explain what my options are if my Hassocks conveyancing searches shows adverse results?
On the whole, almost all problems arising from Hassocks conveyancing search results can be dealt with ahead of completion or title insurance can be put in place. You should remember that although you intend on purchasing the property and may be content to live with the search results, your mortgage lender may not, and when all said and done the decision rests with them.