What is the first thing I need to know regarding purchase conveyancing in Portslade?
Not many law firms shout this from the rooftops but conveyancing in Portslade or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the transaction. For instance, the vendor, estate agent and even potentially the mortgage company. Selecting a lawyer for your conveyancing in Portslade should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to look after your best interests and to keep you safe.
There is a worrying increase in the "blame" culture- someone has to be at fault for the process taking so long. You your first instinct should be to trust your solicitor ahead of the other players in the conveyancing process.
Are all Portslade Conveyancing Quality Solicitors on the HSBC conveyancing panel?
It is true that some banks and building societies now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a Portslade conveyancer on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland 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 Bank of Ireland mortgage from the register. Bank of Ireland, 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 Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
After much negotiation I have agreed a price on an apartment in Portslade. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. Soon after, the lawyer contacted me sheepishly admitting that they were not on the Nottingham 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 Nottingham 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'm buying my first flat in Portslade with the aid of help to buy. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not to tell my conveyancer about the deal as it will jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it possible to swap firm as I have to choose a firm on the Chelsea Building Society conveyancing panel. I hired a family conveyancing solicitor in Portslade five minutes from me but he is not approved by Chelsea Building Society
It would be our pleasure to help you find a conveyancing solicitor in Portslade on the Chelsea Building Society panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Portslade. In utilising search facility on this page, you can contrast costs for conveyancing solicitors in Portslade and throughout England and Wales.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Portslade. I have discover a site which appears to be the perfect offering If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having had my offer accepted I require leasehold conveyancing in Portslade. Before I get started I require certainty as to the unexpired term of the lease.
If the lease is registered - and almost all are in Portslade - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a studio flat in Portslade, conveyancing formalities finalised February 2006. How much will my lease extension cost? Comparable flats in Portslade with over 90 years remaining are worth £197,000. The ground rent is £55 yearly. The lease ceases on 21st October 2076
With just 55 years unexpired we estimate the price of your lease extension to range between £31,400 and £36,200 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.