I have just been advised by my IFA that my Hailsham property lawyer is not on the lender Solicitor panel. What can I do to be certain whether this is indeed the case?
Your first step should be to contact your Hailsham conveyancer. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
When will exchange of contracts happen for domestic conveyancing in Hailsham and do I need to be at the conveyancers office?
Where you are in close proximity to one of the conveyancing solicitors in Hailsham you are invited in to sign documents. However, the firms we work with offer a national conveyancing service and provide just as diligent and professional a job for you when communicating with you digitally. The signing of the property agreement is not the important part. A signed contract is just a prerequisite for the solicitor to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hailsham)to be in the office available at the end of the phone to exchange contracts.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one round the corner in Hailsham I like with amenity areas and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Hailsham suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years may be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Am I better off to instruct a Hailsham conveyancing solicitor who is local to the property I am purchasing? An old friend can execute the legal formalities however his firm is located 200miles drive away.
The benefit of a high street Hailsham conveyancing practice is that you can drop in to sign paperwork, hand in your ID and pester them if necessary. Having local Hailsham know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and the majority were content that must outweigh using an unknown Hailsham conveyancing solicitor solely due to them being Hailsham based.
My wife and I have recently appointed a conveyancing solicitor in Hailsham. I need to find out if they are on the lender's approved list of lawyers. Could you help?
You should call the solicitor and ask them if they are on the lender's approved list. If that does not help call us and we can investigate and revert. Should the firm not be on the lender panel we we can help find a specialist conveyancing solicitor in Hailsham on the panel for your lender.