Can you help? My Hornsea solicitor is assuring me that she is duty bound toorder Hornsea conveyancing searches resulting from the fact thatthe firm are on the HSBCconveyancing panel. Is my solicitor correct?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Hornsea conveyancing searches.
My brother-in-law has suggested I instruct a conveyancing solicitor in Hornsea. I need to find out whether they are accepted on the Nottingham Building Society approved list of lawyers. Can you assist?
The first thing to do is contact the solicitor and ask them if they are on the lender panel. Otherwise you should call Nottingham Building Society who may be able to help.
My wife and I have a terraced Edwardian property in Hornsea. Conveyancing solicitor represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hornsea and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Hornsea I like with open areas and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Hornsea suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I have been pointed in your direction by numerous estate agents in Hornsea to locate a conveyancer on your site. What’s the financial upside for Estate Agents to market your site rather than alternative conveyancing organisations?
We refuse to make any financial incentive for sending work to this site. We thought it would be too underhand a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're first time buyers - had an offer accepted, but the selling agent told us that the owners will only proceed if we use their preferred conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a family conveyancer used to conveyancing in Hornsea
We suspect that the seller is unaware of this request. Should the seller require ‘a quick sale', turning down a serious purchaser is is going to put the whole deal at risk. Try to communicate with the vendors directly and explain that (a)you are motivated purchasers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your preferred Hornsea conveyancing firm - not the ones that will give their estate agent a referral fee or achieve conveyancing thresholds demanded by HQ.