As a FTB what is the most important advice you can impart about purchase conveyancing in Billingshurst?
You may not hear this from too many lawyers but conveyancing in Billingshurst or throughout West Sussex is an adversarial process. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and other parties involved in the ownership transfer. E.g., the seller, property agent and sometimes a lender. Selecting a law firm for your conveyancing in Billingshurst is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose role it is to protect your legal interests and to keep you safe.
Every so often a potential adversary may try and persuade you that it is in your interests to do things their way. As an example, the selling agent may claim to be helping by suggesting your solicitor is slow. Or your financial adviser may tell you to do something that is against your lawyers recommendation. You should always trust your lawyer above all other parties in the home moving process.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Billingshurst. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/4/2024, the requirements read as follows :
I'm the sole recipient of my late grandmother’s will with all property in now in my sole name, including the house in Billingshurst. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I understand that there is a CML 6 month 'rule', meaning my property ownership could be regarded the same way as if I'd bought the house in March. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. How practical a view mortgage companies take of it, depend on the mortgage company as this requirement chiefly exists to identify subsales or the wholesaling and assigning of property.
I am expecting a AIP from Barclays this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Billingshurst solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Billingshurst solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
About to purchase maisonette in Billingshurst. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Billingshurst solicitor is on the Aldermore conveyancing panel.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Billingshurst is where the house is located. Can you offer any advice?
Flying freeholds in Billingshurst are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Billingshurst you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Billingshurst 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 property.
I have been sourcing a conveyancing practitioner in Billingshurst for my house move. Is there any facility to check a firm’s complaints history with the legal regulator?
You can search for presented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £150,000 maisonette in Billingshurst in 10 days. The management company has quoted £372 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Billingshurst?
For the majority of leasehold sales in Billingshurst conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing pre-contract questions
Where consent is required before sale in Billingshurst
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Billingshurst Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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What is the name of the managing agents? It is important to be aware if fixing the lift or some other major work is pending to be shared by the tenants and may well materially increase the the service fees or result in a one time payment.