I am getting a mortgage with Halifax. I would like to employ the services of a Licensed Conveyancer in Hook. Does the Halifax Conveyancing panel allow for conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Completed the sale of my flat in Hook last February yet the purchaser is texting every few hours complaining that their solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your solicitor is obliged to forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. Where relevant, your solicitor must also evidence that the mortgage has been paid off to the purchasers conveyancers. There are no post completion procedures unique to conveyancing in Hook.
How does conveyancing in Hook differ for newly converted properties?
Most buyers of new build residence in Hook contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Hook usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hook or who has acted in the same development.
I am looking for a ground for flat up to £305k and identified one near me in Hook I like with a park and station in the vicinity, however it only has 52 years on the lease. There is not much else in Hook for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
How easy is it to use your search tool to select a conveyancing lawyer in Hook on the approved list for my mortgage?
1st pick a bank such as Halifax, Virgin Money or TSB then type in your preferred area e.g. Hook. Conveyancing organisations in Hook and nationally will then be identified.
I've found a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have since found out that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Hook. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Hook ?
The majority of houses in Hook are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Hook so you should seriously consider looking for a Hook conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the house is located on an estate. Your conveyancer should advise you fully on all the issues.