My Saltdean conveyancer has discovered an inconsistency between the information in the valuation survey and what is revealed within the conveyancing documents. My lawyer informs me that he is obliged to ensure that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
My wife and I buying a end of terrace house in Saltdean. Our aim is to an extension at the rear at the house.Will the conveyancing process include enquiries to ascertain if these alterations were previously refused?
Your property lawyer will check the registered title as conveyancing in Saltdean will sometimes reveal restrictions in the title documents which prohibit categories of works or necessitated the consent of another owner. Many works need local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
HSBC have agreed my home loan in principle, my bid on a apartment in Saltdean has been accepted, what are the next steps?
Your property agent will wish to know who your solicitors are (be sure the property lawyers are on the bank’s panel). Call up HSBC or your financial adviser and finalise any appropriate paperwork. HSBC will sellect a valuer who will get in touch with the selling agent or vendor to arrange a slot for the valuation to happen. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. HSBC will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Saltdean.
After what feels like an age I have had an offer on a flat in Saltdean accepted, the owners do nevertheless have a tied purchase. The owners have offered on a property, but it’s not yet tied up, and are looking at other properties booked. I have instructed a local conveyancing solicitor in Saltdean. What should be my next step? When should I get the mortgage application with HSBC started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then survey, Saltdean conveyancing search costs, etc). First, you must ensure that your conveyancing practitioner is on the HSBC approved list. Concerning the next stages this very much depends on the circumstances of your transaction, attraction to the property and on the state of the market. During a buoyant market the majority of buyers will apply for a home loan with HSBC and arrange for the valuation and only if it comes back ok would they pay their property lawyer to press on with the conveyancing in Saltdean.
My wife and I own a terraced Victorian property in Saltdean. Conveyancing practitioner represented me and Clydesdale. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should 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 locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing solicitor who completed the work.
I am purchasing my first flat in Saltdean benefiting from help to buy. The sellers refused to move on the price so I negotiated £7000 of extras instead. The estate agent told me not disclose to my lawyer about the side-deal as it will affect my loan with Coventry Building Society. Do I keep my lawyer in the dark?.
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.
How easy is it to transfer to a new conveyancer as I need to retain one who is on the Platform Home Loans Ltd conveyancing list. I had appointed a family conveyancing solicitor in Saltdean round the corner but the firm is not approved by Platform Home Loans Ltd
It would be our pleasure to assist you select a conveyancing solicitor in Saltdean on the Platform Home Loans Ltd panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Saltdean. In making use of search facility on this website, you can scrutinise fees for conveyancing solicitors in Saltdean and beyond.
We're first time buyers - agreed a price, yet the estate agent advised that the seller will only issue a contract if we appoint their recommended lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor who is accustomed to conveyancing in Saltdean
We suspect that the owner is not behind this ultimatum. If they desire ‘a quick sale', turning down a genuine buyer is counter productive. Speak to the vendors direct and explain that (a)you are motivated purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you intend to use your own,trusted Saltdean conveyancing lawyers - rather thanthe ones that will provide their estate agent a introducer fee or achieve conveyancing thresholds demanded by HQ.