I am aiming to move home in July. Will my conveyancing solicitor update the removal company on the completion day. On a separate note, can you recommend a removal company in Lancing. Conveyancing firm was chosen before I stumbled across your site.
On the day of completion you can collect the house keys from the estate agent but this can only occur when the sellers conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You should tell the removal men that they can start moving you in. We are not in a position to suggest a specific removal organisation but can assist you in choosing a residential property solicitor in Lancing or a lawyer with expertise in conveyancing in Lancing.
I can not fathom if my mortgage offer requires a lease extension. I have called into my local Lancing building society branch on a couple of occasions and was told they are content with the situation and they will lend. My Lancing conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
As long as the conveyancer is on the mortgage company approved list, they must adhere to the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I had an offer accepted on a property in Lancing on 28/3/2024, valuation was booked five days after, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some expedited conveyancing in Lancing as I am under an ultimatum to exchange contracts inside one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you have the choice not to do searches although no solicitor would suggest that you don't. With plenty of history conveyancing in Lancing the following are instances of what can show up and therefore affect future saleability: Enforcement Actions, Overdue Charges, Outstanding Grants, Railway Schemes,...
I used Arc property Solicitors a few years past for my conveyancing in Lancing. I now require my papers but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lancing of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in Lancing with a mortgage from HSBC Bank. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The house builders rep told me not inform my conveyancer about this extras as it would affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How can the Landlord & Tenant Act 1954 impact my commercial offices in Lancing and how can your lawyers assist?
The particular law that you refer to gives protection to commercial leaseholders, granting the dueness to apply to court for a new tenancy and continue in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Lancing is one of the many areas of the UK in which our lawyers are based
I am looking at a two maisonettes in Lancing which have in the region of fifty years remaining on the lease term. Will this present a problem?
There is no doubt about it. A leasehold apartment in Lancing is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the value of the property. The majority of purchasers and lenders, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Lancing conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I inherited a split level flat in Lancing, conveyancing was carried out August 2011. Can you work out an approximate cost of a lease extension? Equivalent flats in Lancing with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease terminates on 21st October 2089
You have 65 years unexpired the likely cost is going to range between £13,300 and £15,400 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.