Me and my partner are purchasing a 3 bedroom apartment in Seaford with a mortgage. We have a Seaford solicitor, but the bank says he's not on their "panel". It seems we have little option but to instruct one of the mortgage company panel firms or keep our Seaford as well as pay for one of their panel firms to act for them. This seems very unfair; is there anything we can do?
No, not really. Your mortgage offer 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. Another option that might be available is for your Seaford conveyancing lawyer to apply to be on the conveyancing panel.
I have given 8 weeks notice to my existing landlord and must be out of my rented property in Seaford by the end of next month. Conveyancing for my house purchase is underway. Is it possible to complete in 5 weeks as don't want to have to move into temporary accommodation?
The normal practice is not to provide notice on a rental until exchange of contracts has taken place. If you have not previously done so, contact to your conveyancer and urge them to they apply pressure on the other lawyers, try to get a realistic time scale from them that everyone will look to achieve
We're in Seaford, First timers buying with a mortgage (lender is , and our lawyer is on the conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no 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.
I am looking for a ground for flat up to £195,000 and found one close by in Seaford I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Seaford suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
Hoping to buy a property located in Seaford and I am already nervous. I couldn't find anything specific about Seaford. Conveyancing will be needed in due course but do you know about the Seaford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Seaford. In the meantime here are some basic statistics that we found