Our conveyancer has uncovered a a legal deficiency with the lease for the flat we are buying in East Sussex. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the bank is happy with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their conditions 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 mortgage company are the client. The appropriate lender provisions have to be complied with.
My wife and I are purchasing a flat in East Sussex. It might be a silly question but how we can trust a solicitor? At some point we have to send money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the sole recipient of my late father’s will with all property in now in my sole name, including the my former home in East Sussex. Conveyancing formalities meant that the Land Registry date was in April. I want to move. I understand that there is a CML 6 month 'rule', which means that my proprietorship could be considered the same way as though I had purchased the property in April. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. many mortgage companies would take a practical view as this obligation is chiefly there to capture the purchase and immediately sell or the wholesaling and assigning of property.
I had a mortgage agreed in principle with UBS. East Sussex conveyancing solicitors are selected. How long does it take for UBS to forward the offer to the property lawyer?
There is no definitive answer here. Have UBS done the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Should our conveyancer be making enquiries regarding flooding as part of the conveyancing in East Sussex.
The risk of flooding is if increasing concern for conveyancers dealing with homes in East Sussex. There are those who purchase a property in East Sussex, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, but there are a number of checks that may be initiated by the purchaser or by their conveyancers which will figure out the risks in East Sussex. The conventional set of property information forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the owner to find out whether the property has suffered from flooding. If flooding has previously occurred which is not notified by the vendor, then a buyer could bring a legal claim for losses as a result of such an incorrect response. The purchaser’s conveyancers may also commission an enviro report. This should higlight whether there is any known flood risk. If so, further inquiries should be made.
I decided to have a survey done on a property in East Sussex prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not give a loan on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Sussex. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in East Sussex to see if the conveyancing costs will increase in light of this.
How easy is it to swap firm as I need to appoint one who is on the National Westminster Bank conveyancing list. I instructed a local conveyancing solicitor in East Sussex round the corner but the firm is not approved by National Westminster Bank
We will our best to assist in finding you a conveyancing solicitor in East Sussex on the National Westminster Bank panel. Please note that the property lawyers that we list do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in East Sussex. Using search facility on this page, you can contrast costs for conveyancing solicitors in East Sussex and throughout England and Wales.
My husband and I are 3 weeks into a freehold purchase having been referred to solicitors by the local agent to do our conveyancing in East Sussex. We are not happy. Could you you assist me in finding new solicitors?
A lawyer would need to be very bad in order to consider diss instructing them. Has your mortgage been generated? If so you need to inform them of the new contact details and have the mortgage documents are re-sent. The conveyancer needs to be on the mortgage company approved list to avoid supplemental charges and delays. That should be your first question of the new lawyers. Our search tool will help you find a lender approved solicitor for your conveyancing in East Sussex