We are a couple about to exchange contracts for a ground floor flat in Portslade. We have hit a problem. Our mortgage offer with TSB runs out on 27/11/2020 but the vendors are putting forward a completion date of 1/12/2020. Can one extend the loan expiry date?
The best person to address this question is your lawyer who should assess if he or she is should be discussing with the lender, owner’s representatives, selling agents or possibly all parties given the history of your transaction to date.
We have agreed to purchase a house in Portslade. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Santander be concerned?
Given that your lender is Santander your lawyer must check the conveyancing requirements set out in Part two of UK Finance Lenders’ Handbook for Santander. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Santander where a lease fails to satisfy these conditions. The specifications relate to the installation of panels on properties countrywide and is not isolated to Portslade.
I have paid off my mortgage with TSB. I assume I don't need a Portslade solicitor on the TSB panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
After months of negotiation I have agreed a price on a house in Portslade. My financial adviser pressured me to appoint their conveyancer. I paid an upfront payment of £150. Not long after, the solicitor contacted me embarrassingly acknowledging that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need some expedited conveyancing in Portslade as I am under pressure to complete within one month. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
As you are are a cash purchaser you are at free not to have searches carried out although no lawyer would suggest that you don't. With lots of history conveyancing in Portslade the following are instances of issues that can appear and therefore affect future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I have todaydiscovered that Stirling Law have been shut down. They conducted my conveyancing in Portslade for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Portslade conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a property in Portslade ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some lenders will not grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Portslade. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Portslade to see if the conveyancing costs will increase in light of this.
What is the difference between surveying and conveyancing in Portslade?
Conveyancing - in Portslade or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the seller to fix the defects prior to you move in.