I am purchasing a property mortgage free in Saltdean. I have been residing for the last 15 years in Saltdean. Conveyancing searches are exorbitant. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the Saltdean conveyancing searches are optional. Your solicitor will try and sway you, no-doubt strongly, that you should have searches completed, but he is duty bound to take that path of guidance. One thing to consider; if you are intend to sell the house at a future date, it could be of relevance to your future buyer what the searches disclose. There are plenty of instances where properties with functional issues can still reveal unexpected search results. A good conveyancing solicitor in Saltdean will be able to give you some constructive guidance in this regard.
The Saltdean conveyancing firm that I recently instructed on my purchase in Saltdean have without warning closed. They were on acting for me because I had to have a firm on the Principality conveyancing panel and my previous Saltdean lawyer was not. I sent them a cheque for £250 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Principality conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
Forgive me if this question is silly but I am wet behind the ears as FTB of a ground floor flat in Saltdean. Do I pick up the keys to the house on completion from my conveyancer? If so, I will find a local conveyancing solicitor in Saltdean?
On the day of completion you will not be required to go to the conveyancers office in Saltdean. Conveyancing lawyers for you will transfer the completion advance to the vendor’s conveyancers, and once they have received this, you should be called to collect the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
I happen to be the only recipient of my late father’s estate and I have everything in my name alone, including the my former home in Saltdean. The Saltdean property was put into my name in April. I want to move. I understand that there is a CML six month 'rule', which means that my property ownership could be considered the same way as though I had purchased the property in April. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most banks would take a pragmatic view as this provision is principally there to identify subsales or the quick reselling of property.
is it true that all Saltdean conveyancing solicitors on the Nationwide conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Nationwide approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel in which case such organisation would be regulated by the CLC.
What will a local search tell me regarding the property we're buying in Saltdean?
Saltdean conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Onsearch The local search plays a central part in most Saltdean conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Me and my brother own a 4 bedroom Victorian property in Saltdean. Conveyancing practitioner represented me and Nottingham Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Saltdean and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who conducted the purchase.
My husband and I are FTB’s - agreed a price, but the agent informed us that the vendor will only proceed if we appoint the agent's recommended conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer who is familiar with conveyancing in Saltdean
We suspect that the seller is unaware of this ultimatum. Should the vendor desire ‘a quick sale', taking such a hostile approach to a serious buyer is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you are going to appoint your preferred Saltdean conveyancing firm - rather thanthose that will provide their estate agent a kickback or hit his conveyancing thresholds pre-set by senior management.