Our solicitor has uncovered a a legal deficiency with the lease for the property we are buying in Ditchling. The seller’s lawyers have put forward title insurance as a workaround. We are content with insurance and will cover the costs. Our conveyancer has advised that he must ensure that the bank is happy with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions have to be complied with.
I have Fifty Six years remaining on my lease and need a lease extension for my apartment in Ditchling. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/6/2022 the requirements read as follows :
We are buying a 3 bedroom semi in Ditchling. We would like to an extension at the rear at the property.Will the conveyancing process involve enquiries to determine if these works were previously refused?
Your conveyancer should check the deeds as conveyancing in Ditchling can occasionally reveal restrictions in the title deeds which restrict certain changes or need the consent of a 3rd party. Many extensions require local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
is it true that all Ditchling solicitor firms on the Nottingham conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nottingham conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many banks do permit licenced conveyancers on their panel and in such a situation the practice would be regulated by the CLC.
Our sealed bid on a detached house in Ditchling has been accepted, but there is a chain. The owners have put an offer on somewhere, however it’s not yet tied up, and are looking at other flats booked. I have chosen a nearby conveyancing solicitor in Ditchling. What do I do now? At what stage do I apply for the mortgage with Santander?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then valuation, Ditchling conveyancing search fees, etc). The first thing to do is check that your lawyer is on the Santander conveyancing panel. Regarding the next phase this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. During a buoyant market the majority of buyers will apply for the mortgage with Santander and pay for the valuation and only if it was satisfactory would they request their property lawyer to move forward with the conveyancing in Ditchling.
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 simple, chain free conveyancing. Ditchling is where the house is located. What do you suggest?
Flying freeholds in Ditchling are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ditchling you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ditchling 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.
I need to find a conveyancing solicitor for some conveyancing in Ditchling. I happened to discover a site which looks to be the perfect offering If it is possible to get all the legals completed via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just appointed agents to market my ground floor flat in Ditchling.Conveyancing is yet to be initiated however I have recently received a half-yearly maintenance charge demand – what should I do?
It best that you pay the service charge as you normally would given that all ground rent and service payments should be allottedon completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process