My partner and I are intent on purchasing a maisonette in Saltdean. My Conveyancer has never been on on the lender solicitor list. Am I still permitted to use my Saltdean conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
You will need to have a conveyancer to complete the formalities if you require a loan to buy your property. The solicitor will conduct all the appropriate legal checks on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage documentation is dealt with. One could appoint a Saltdean lawyer of your choosing. However, where the conveyancer appointed is not on the bank conveyancing panel further fees will be incurred as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so if your conveyancer has not in the past applied for membership they should do so.
I happen to be the single recipient of my late father’s estate and I have everything in my name now, including the house in Saltdean. The Saltdean property was put into my name in June. I now wish to sell up. I understand that there is a CML 6 month 'rule', meaning my property ownership may be considered the same way as though I had purchased the house in June. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors 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 affected by that. How practical a view mortgage companies take of it, depend on the lender as this obligation chiefly exists to identify subsales or the quick reselling of properties.
We expect to receive a DIP from Barclays this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Saltdean solicitors on the Barclays conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Saltdean solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I can not work out if my bank requires a lease extension. I have called into my local Saltdean bank branch on a couple of occasions and was reassured it wasn't a problem and they will lend. My Saltdean conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they will not lend based on their published requirements. Who do I believe?
Your conveyancing practitioner must comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Various internet forums that I have visited warn that are a common reason for stalling in Saltdean conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Saltdean.
I have justbecome aware that Arc property Solicitors have closed. They carried out my conveyancing in Saltdean for a purchase of a leasehold apartment 18 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest method to see if the property 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 Saltdean conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a house in Saltdean ahead of instructing solicitors. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks will refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Saltdean. Conveyancing will be smoother if you use a solicitor in Saltdean especially if they are acquainted with such properties in Saltdean.
We're novice buyers - agreed a price, yet the property agent informed us that the vendor will only move forward if we appoint their preferred lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family solicitor with experience of conveyancing in Saltdean
We suspect that the owner is not behind this demand. Should the owner require ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Try to communicate with the owners directly and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you will continue to use your preferred Saltdean conveyancing firm - not the ones that will provide the negotiator at the agency a kickback or achieve conveyancing figures demanded by senior management.