I am need of leasehold conveyancing for an apartment in a relatively new development (seven years built) in Seaford. Almost all the properties have already been disposed of. Do I need carry out the neighbourhood searches for my conveyancing in Seaford?
You would be opening yourself up to an unnecessary risk in failing carrying out Seaford conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in the strongest possible terms that you have them. If speed and cost are top of your concerns you should consider with your solicitor about the option of search insurance
I had a mortgage agreed in principle with Lloyds. Seaford conveyancing lawyers were selected. What is the average time that one could expect to receive a mortgage offer from Lloyds?
There is no definitive answer here. Have Lloyds completed the valuation? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We have agreed to purchase a house in Seaford. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore be concerned?
Given that your lender is Aldermore your lawyer must comply with the conveyancing instructions set out in Part two of UK Finance Lenders’ Handbook for Aldermore. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Aldermore where a lease fails to satisfy these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Seaford.
I am selling my apartment. I had a double glazing fitted in August 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Clydesdale are being a right pain. The Seaford solicitor who is on the Clydesdale conveyancing panel is recommending indemnity insurance as a solution but Clydesdale are requiring a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
The deeds to our home are lost. The solicitors who did the conveyancing in Seaford 5 years ago have long since closed. What are my next steps?
You no longer need to hold title official documentation to establish that you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.
I am purchasing a new build house in Seaford benefiting from help to buy. The builders would not move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not to tell my lawyer about the extras as it would impact my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I have just started marketing my basement flat in Seaford. Conveyancing is yet to be initiated, however I have just had a yearly service charge invoice – what should I do?
The sensible thing to do is clear the invoice as normal as all rents and maintenance payments will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a studio flat in Seaford, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable properties in Seaford with over 90 years remaining are worth £255,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ends on 21st October 2097
With 73 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
My mother and father are unable to locate their Seaford property on the HMLR website. They recall that sixty years ago when they acquired the bungalow there were complications concerning Seaford not being identified on some systems.
The vast majority of residences in Seaford should appear. Have you limited your search with just the postcode. Ordinarily it should disclose all the residences inside that postcode. Where recorded it will be there with a title number. If they bought 50 years ago it's conceivable it may be unregistered. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title deeds which might be with your parent’s bank.