Much to our surprise we have been told by our broker that my Burgess Hill lawyer is not on the bank Solicitor panel. What can I do to check?
You need to contact your Burgess Hill conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a Burgess Hill conveyancing firm that is on the approved list of lawyers for your mortgage company.
We intend to purchase a purpose built apartment in Burgess Hill with a residential mortgage from Nottingham Building Society.We have a Burgess Hill conveyancing lawyer but Nottingham Building Society says her practice is not listed on their approved list of member firms. we are left little option but to use a Nottingham Building Society panel firm or retain our preferred solicitor and pay for a Nottingham Building Society panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Nottingham Building Society use our lawyer?
Unfortunately,no. The loan offered to you contains terms and conditions, a common one being that conveyancers will be on the Nottingham Building Society approved list. in the past, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Nottingham Building Society
I have todayfound out that Stirling Law have been shut down. They conducted my conveyancing in Burgess Hill for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is in your name, you can carry out 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 Burgess Hill conveyancing specialists.
How does conveyancing in Burgess Hill differ for new build properties?
Most buyers of new build property in Burgess Hill contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Burgess Hill usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Burgess Hill or who has acted in the same development.
We expect to complete the sale of our £150,000 apartment in Burgess Hill in seven days. The management company has quoted £300 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Burgess Hill?
Burgess Hill conveyancing on leasehold maisonettes ordinarily involves fees being invoiced by landlords agents :
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Answering pre-exchange questions
Where consent is required before sale in Burgess Hill
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I purchased a garden flat in Burgess Hill, conveyancing formalities finalised 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Burgess Hill with over 90 years remaining are worth £180,000. The ground rent is £65 invoiced annually. The lease terminates on 21st October 2083
With just 58 years unexpired we estimate the price of your lease extension to range between £22,800 and £26,400 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.