We are purchasing a house and require a conveyancing solicitor in Lancing who is on the Lloyds approved panel. Can you recommend a local conveyancing firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Lancing.

We're in Lancing, First time buyers buying with a mortgage (lender is Lloyds , and our lawyer is on the Lloyds conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My conveyancer has informed me that chancel insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Lancing?

The appropriate level of chancel indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Barnsley Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.

The mortgage over my property is with Principality for my property in Lancing. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Principality?

Principality must be informed of your intention prior to letting out your property as this is likely to be a breach of Principality’s mortgage conditions. It may be that Principality will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. It should not be necessary to do this via a Principality conveyancing panel lawyer.

TSB have agreed my mortgage in principle, my offer on a house in Lancing has been agreed to, what happens next?

Your estate agent will need to be informed of your lawyer's details (ensure that the property lawyers are on the bank’s approved list). Call up TSB or the broker and finish off any relevant forms. TSB will instruct a valuer who will get in touch with the selling agent or owners to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. TSB will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Lancing.

How does conveyancing in Lancing differ for new build properties?

Most buyers of new build property in Lancing come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Lancing usually buy the site, 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 property lawyers 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 Lancing or who has acted in the same development.

I have just started marketing my 2 bed apartment in Lancing. Conveyancing is yet to be initiated, but I have recently had a yearly service charge invoice – Do I pay up?

The sensible thing to do is pay the service charge as normal as all ground rent and service invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless 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. Having a clear account will assist your cause and will leave you no worse off financially.

Leasehold Conveyancing in Lancing - Examples of Questions you should consider Prior to Purchasing

How is the lease structured? It would be sensible to find out if there is anything that is prohibited in the lease. For instance plenty of leases prohibit pets being allowed in in a block in Lancing. If you love the flatin Lancing yet your dog is not allowed to move with you then you will be faced hard determination.