Our family lawyer has quoted £995 for no sale no fee conveyancing in Hove. I’m selling a Edwardian house for £150,000. This seems overpriced. Is it in excess of the average fee for conveyancing in Hove?
The quote is fractionally on the steep side. Where you are willing to invest time scrutinising costs you may be able to trim some of the cost by perhaps a hundred pounds. On the other hand, you maylive to rue opting for an a cheaper solicitor. If is important to ensure the conveyancer can also act for your bank. Do utilise our comparison tool to find a Hove conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Hove.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Earl Shilton BS conveyancing panel for instance in Hove?
We have not been informed any plans on the part of the BSA to promote such a tool.
My wife and I purchasing a 3 bedroom semi in Hove. We would like to convert the garage to a playroom at the house.Will legal work on the property involve checks to determine if these works are prohibited?
Your property lawyer will review the deeds as conveyancing in Hove can on occasion reveal restrictions in the title documents which prohibit certain changes or necessitated the permission of another owner. Certain works need local authority planning permissions and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
is it true that all Hove conveyancing solicitors on the Lloyds conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Lloyds approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of lenders do list licenced conveyancers on their panel and in such a situation the organisation would be overseen by the Council of Licensed Conveyancers.
Santander have agreed my home loan in principle, my bid on a house in Hove has been accepted, what happens next?
The estate agent will need to be advised as to your lawyer's details (ensure that the lawyers are on the lender’s approved list). Call up Santander or the broker and complete any outstanding forms. Santander will instruct a valuer who will get in touch with the selling agent or owners to arrange a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Santander will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hove.
I require quick conveyancing in Hove as I am faced with a deadline to exchange contracts in less than 2 weeks. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at liberty not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Hove the following are examples of issues that can crop up and therefore affect market value: Enforcement Actions, Outstanding Charges, Outstanding Grants, Railway Schemes,...
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Hove I like with a park and railway links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Hove in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I own a leasehold flat in Hove. Conveyancing was finalised in 21012. I have heard that I mustn’t allow the the remaining lease term to fall too short. What is the reasoning?
Hove leasehold properties are for a fixed period - normally ninety nine years when they commenced. However a significant flats in Hove were built or converted in the 60’s and so these leases now have under 80 years left to run. That may sound like a long time however Banks, Building Societies and other mortgage lenders generally need leases to have at least 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To optimize the saleability of your property you should be considering whether to extend your lease well in advance of selling the property. Please note that there are significant benefits to taking action before the lease reaches even eighty years as when the lease falls below eighty years the amount to be paid to extend starts to get a lot more expensive.