My husband and I are nearing an exchange on a flat in Crowborough and my parents have sent the exchange deposit to my conveyancer. I am now advised that as the deposit has been received from someone other than me my solicitor needs to make a notification to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
The conveyancer is obliged to check with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Can your site be used to find a Conveyancing solicitor in Crowborough even where I’m not purchasing or selling a house, for instance if I wish to acquire a shop in Crowborough with a loan from Norwich and Peterborough Building Society?
Our comparison service is mainly there to find domestic conveyancing solicitors in Crowborough but we have listed at the end of this page some Crowborough commercial conveyancing firms. You will need to speak with the company directly to check if they can also act for Norwich and Peterborough Building Society
My wife and I have recently appointed a conveyancing solicitor in Crowborough. I I would like to check if they are accepted on the Santander approved list of lawyers. Can you or the lender confirm if they are on the panel?
The first thing you should do is call your conveyancer and ask them if they are on the lender panel. Otherwise you can call Santander who may be able to help.
My father advised me that in purchasing a property in Crowborough there may be various restrictions prohibiting external changes to a property. Is this right?
We are aware of a number of properties in Crowborough which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Crowborough should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am selling my apartment. I had a double glazing fitted in December 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Virgin Money are being problematic. The Crowborough solicitor who is on the Virgin Money conveyancing panel is recommending indemnity insurance as a solution but Virgin Money are requiring a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Santander have agreed my home loan in principle, my offer on a flat in Crowborough has been agreed to, what are the next steps?
Your estate agent will need to know who your solicitors are (ensure that the property lawyers are on the lender’s panel). Telephone Santander or the financial adviser and complete any outstanding forms. Santander will appoint a valuer who will get in touch with the selling agent or owners to schedule a time for the valuation to take place. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Santander will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Crowborough.
I own a leasehold flat in Crowborough. Conveyancing and Yorkshire Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Crowborough who previously acted has long since retired. Do I pay?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Crowborough conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a ground floor flat in Crowborough, conveyancing was carried out January 1997. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Crowborough with an extended lease are worth £211,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2089
With 68 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
Why am I unable to complete my conveyancing in Crowborough on May bank holiday?
Because on completion the funds will pass between the banks of the buyer and owner’s property lawyer and currently this can only take place on a working day. So you can't complete on a weekend either.