Am I correct in assuming that the fact that my conveyancer in Hove is not identified on my lender's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Hove conveyancing practice and ask them why they are no longer on the approved list for your bank.
Our grandson is buying a new build apartment in Hove with a mortgage from Clydesdale. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the surveyor when asked. 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can your site be used to find a Conveyancing solicitor in Hove even if I’m not purchasing or selling a house, for example if I want to acquire an office in Hove with a loan from HSBC Bank?
Our comparison service is primarily used to locate domestic conveyancing solicitors in Hove but we have listed towards the end of this page a selection of Hove commercial conveyancing firms. You will need to enquire with the company directly to check if they can also act for HSBC Bank
I have an AIP. The lender mentioned the home loan came with free conveyancing. Does this mean I have to use their panel solicitor as I would prefer to use a Hove based conveyancing firm?
Do check but the the probability is that give you one of their panel lawyers should you accept the "fee-free" incentive. Speak to the bank to check if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Hove.
In my capacity as executor for the will of my grandmother I am selling a residence in Newport but I am based in Hove. My conveyancer (who is 200 miles awayhas requested that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing lawyer in Hove to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Hove based
In relation to leasehold conveyancing in Hove what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Hove. All leases are unique and legal mistakes in the legal wording can result in certain provisions are erroneous. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building A provision to repair to or maintain elements of the premises
You may have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Coventry Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
I own a ground floor flat in Hove, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Hove with a long lease are worth £192,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2079
With 54 years left to run we estimate the price of your lease extension to span between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.