Much to our surprise we have been advised by our mortgage adviser that my Alfriston solicitor is not on the mortgage company Solicitor panel. What can I do to check?
You need to contact your Alfriston lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
I am purchasing a semi-detached house in Alfriston. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Alfriston you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Alfriston.
How does conveyancing in Alfriston differ for new build properties?
Most buyers of new build or newly converted property in Alfriston contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Alfriston usually purchase the real estate, 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 conveyancers 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 Alfriston or who has acted in the same development.
I'm converting the mortgage on my primary property to a BTL loan with Barnsley Building Society and intend to use the remaining equity towards another property. The location we are interested in is Alfriston. Will your lawyers be able to act for the two mortgage companies and tie in the transactions?
Do use our comparison tool on this site to ensure that the conveyancers are on the appropriate lender panels. On the basis that they are the solicitor should be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make clear your expectations and requirements.
Last March I purchased a leasehold property in Alfriston. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a basement flat in Alfriston, conveyancing was carried out February 1998. How much will my lease extension cost? Comparable flats in Alfriston with an extended lease are worth £197,000. The ground rent is £55 per annum. The lease terminates on 21st October 2076
With just 55 years unexpired the likely cost is going to range between £31,400 and £36,200 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
My fiance and I are buying a four bedroom housein Alfriston with a home loan from a bank. We would like to retain our solicitor in Alfriston however our lender advise she’s not on their "panel". Apparently we need to choose one of the our lender panel solicitors or stay with our Alfriston solicitor and pay for one of their panel ones to represent our bank. We feel as though this is unjust; Can we not simply insist that our bank use our Alfriston lawyer?
Unfortunately,no. The lender mortgage offered to you is subject to conditions, one of which will be that solicitors will on the lender's conveyancing panel. in the past, most lenders had large numbers of law firms on their panels, including most conveyancing solicitors in Alfriston : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your bank.