We were about to instruct a conveyancing solicitor in East Sussex found on your site but stumbled across some other quotes via the web look less expensive – why is this?
There are plenty of websites promoting self styled cheap conveyancing, yet more often than not extracharges result in the completion bill totally different to the one you expected. In accordance with regulatory requirements costs listed in terms and conditions should be equitable raised The solicitors that we put forward for conveyancing in East Sussex specify all charges for the property you plan tobuy.
What does my ID and proof of funds have anything to do with my conveyancing in East Sussex? Why is this being asked of me?
East Sussex conveyancing solicitors as well as nationwide property lawyers throughout the UK have a duty under money laundering regulations to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill no more than three months).
Evidence of source of funds is also required under the money laundering statutes as solicitors are obliged to check that the funds you are using to buy a property (whether it be the deposit for exchange or the full purchase amount where you are a cash purchaser) has come from legitimate source (such as employment savings) as opposed to the proceeds of illegitimate activity.
We're in East Sussex, FTBs purchasing with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What will a local search tell me regarding the property my wife and I buying in East Sussex?
East Sussex conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for instance PSG The local search is essential in every East Sussex conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I was advised by a few estate agents in East Sussex to choose a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to promote your site ahead of a competitor’s?
We don’t make any financial incentive for sending work in our direction. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Looking forward to complete next month on a basement flat in East Sussex. Conveyancing solicitors have said that they are sending me a report tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in East Sussex should include some of the following:
You should have a good understanding of the building insurance provisions What the implications are if you are in breach of your lease terms? The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Changes to the premises Setting out your rights in respect of common areas in the block.For example, does the lease permit a right of way over a path or hallways?
I own a leasehold flat in East Sussex, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in East Sussex with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 per annum. The lease terminates on 21st October 2079
You have 57 years unexpired the likely cost is going to range between £28,500 and £33,000 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.