I am about to complete on the purchase of a property in Hailsham but as a consequence of damage from the recent storms I have was able negotiate recompense from the current proprietors in the sum of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process however HSBC are not allowing this. Why were they notified?
Your conveyancer that is on a HSBC conveyancing panel is obliged to inform HSBC of any amendments to the purchase price. If you were to refuse your conveyancer to report the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancer for your conveyancing in Hailsham.
My brother-in-law has suggested I instruct a conveyancing solicitor in Hailsham. I I would like to check if they are accepted on the Barclays Direct conveyancing panel. Can you advise?
The first thing to do is call your lawyer and ask them whether they are on the lender panel. Otherwise you should get in touch with Barclays Direct who may be able to assist.
I require quick conveyancing in Hailsham as I am faced with a deadline to exchange contracts inside 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at free not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Hailsham the following are examples of what can arise and therefore affect future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly identified as part of conveyancing in Hailsham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hailsham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build flat in Hailsham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hailsham
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I've recently bought a leasehold flat in Hailsham. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Hailsham - Sample of Queries before Purchasing
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Is there a share of the freehold? How long is the Lease? Is anyone aware of any major works anticipated that will add a premium to the maintenance fees?