I can't travel far from Hayling Island. Is there a reason why all Hayling Island conveyancing practitioners are not on all bank panels?
As inequitable as it may appear for banks to restrict who can act for them, from the public’s or lawyer’s perspective, the flip side is that lenders are becoming ever more anxious and consider it essential to protect them against illegal activities. As a result of this concern mortgage companies have consolidated their conveyancing panel to a manageable size.
My god-son is purchasing a new build apartment in Hayling Island with a mortgage from HSBC. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the HSBC conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
When can the exchange of contracts occur in residential conveyancing in Hayling Island and am I required to attend the lawyers branch?
If you are round the corner to our conveyancing solicitors in Hayling Island you are welcome to come in to sign contracts. However, the law practices we work with offer countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you by post or email. The signing of the purchase agreement is not the important part. A signed contract simply enables the solicitor to exchange contracts at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hayling Island)to be in the office available at the end of the phone to exchange contracts.
There is lots of here about conveyancing in Hayling Island but what is your top tip for choosing the right conveyancer in Hayling Island
We would encourage you not to base your choice on the lowest Hayling Island conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I have decided to exercise my right to buy my property in Hayling Island off the council. I have a mortgage agreed with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I am selling my flat. I had a double glazing fitted in December 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Bank of Ireland are being pedantic. The Hayling Island solicitor who is on the Bank of Ireland conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Bank of Ireland are requiring a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Various online forums that I have visited warn that are the number one cause of stalling in Hayling Island conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Hayling Island.
I opted to have a survey done on a property in Hayling Island in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks tend refuse to issue a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can investigate further 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 Hayling Island. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hayling Island to see if the conveyancing will be more expensive.