My mortgage broker says he needs my Pevensey Bay lawyer’ panel reference for the Nationwide conveyancing panel. How do I find this out. I have called my local Pevensey Bay branch but they don't know it.
The sensible thing to do is ask for this information from your Pevensey Bay conveyancing practitioner . Most Pevensey Bay law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
Our solicitor has identified a defect with the lease for the flat we are purchasing in Pevensey Bay. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancer says that he must check that the mortgage company is content with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your property lawyer will have no choice but to discontinue acting for you.
Can you explain why leasehold purchase conveyancing in Pevensey Bay is more expensive?
In short, leasehold conveyancing in Pevensey Bay and elsewhere usually warrants extra hours of investigation compared to freehold conveyancing. This includes lease investigation, liaising with the landlord concerning the service of applicable notices, securing up-to-date service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
My grandmother passed away six months ago and as sole heir and executor I was left the house in Pevensey Bay. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this possible?
If you intend to re-mortgage then HSBC will require that you use a conveyancer on the HSBC conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your HSBC conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the HSBC mortgage is registered as a charge at the Land Registry.
I used Wolstenholmes several years past for my conveyancing in Pevensey Bay. Now, I need my files but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Pevensey Bay of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Finally our conveyancing in Pevensey Bay is completing this Friday, but the vendors I am purchasing from has asked to move out on the Saturday noon. Should I accept this?
In situations where you require a loan then your solicitor will demand that you have vacant possession on Friday - the bank will insist on it.