Me and my fiance are buying a 1 bedroom flat in Little Hampton with a mortgage. We like our Little Hampton conveyancer, however the mortgage company advise he's not on their "panel". We have to appoint one of the bank panel firms or continue with our Little Hampton and pay for one of their panel firms to act for them. This seems very unfair; can we not require that the lender use our Little Hampton ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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. A further alternative is for your Little Hampton conveyancing solicitor to apply to be on the conveyancing panel.
Finally the sale completed on my house in Little Hampton last July yet the purchaser is texting daily to say her solicitor needs to hear from mylawyer. What should my lawyer have done following completion?
Following your sale your lawyer is committed to send the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your conveyancer must also evidence that the legal charge in favour of the lender has been paid off to the buyers lawyers. There are no post completion tasks peculiar conveyancing in Little Hampton.
I used Arc property Solicitors a few years past for my conveyancing in Little Hampton. I now require my papers however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Little Hampton of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one near me in Little Hampton I like with a park and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Little Hampton in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I need to appoint a conveyancing solicitor for my conveyancing in Little Hampton. I have discover a web site which appears to be the perfect solution If there is a chance to get all formalities completed via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?