Much to our surprise we have been notified by our mortgage adviser that my Hassocks solicitor is not on the bank Conveyancing panel. How can I be certain that this is indeed the case?
The first thing you need to do is to contact your Hassocks lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the UBS Solicitor panel ahead of completing my conveyancing in Hassocks?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I'm purchasing a new build house in Hassocks with a mortgage from Accord Mortgages Ltd. The developers refused to move on the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my conveyancer about this extras as it would affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Hassocks I like with a park and station nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Hassocks in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I am downsizing from my property. My previous conveyancers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Hassocks if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Hassocks. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
As co-executor for the will of my uncle I am disposing of a house in Monmouth but reside in Hassocks. My conveyancer (who is 250 kilometers from mehas requested that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Hassocks to attest this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are located in Hassocks