My fiance and I are planning to buy a property in Hove and have instructed a Hove conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Coventry Building Society have this afternoon contacted us to advise us that there is now an issue as our Hove solicitor is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchasers' solicitors to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Hove lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
I am planning to move property in August. Will my conveyancing solicitor call the removal company on the completion day. Incidentally, can you put forward a removal company in Hove. Conveyancing firm was organised before I stumbled across this page.
On the day of completion you will need to pick up the keys from the property agent however this can only take place when the previous owners conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be released. You should advise the removal men that you are ready to move in. We do not recommend a particular removal organisation but can help you find a conveyancing in Hove or a solicitor that specialises in conveyancing in Hove.
After weeks of negotiation I have agreed a price on a house in Hove. My financial adviser suggested a property lawyer. I paid an upfront payment of £150. Not long after, the conveyancer called me embarrassingly acknowledging that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Co-operative have agreed my home loan in principle, my bid on a property in Hove has been agreed to, what happens next?
Your estate agent will wish to know who your solicitors are (be sure the lawyers are on the bank’s panel). Contact Co-operative or your financial adviser and complete any outstanding forms. Co-operative will appoint a valuer who will get in touch with the estate agent or seller to book an appointment. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. Co-operative will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hove.
Just acquired a detached house in Hove , how long will it take for the Land Registry to record my ownership? My Hove conveyancing solicitor has been very slow, so I want to be sure the land registry aspects are concluded.
There is nothing unique about conveyancing in Hove registration formalities. Rather than based on location, timescales can differ according to who lodges the application, whether it is in order and whether the Land registry need to notify any 3rd parties. As of today in the region of three quarters of submission are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration is effected after the purchaser is living at the premises thus post completion formalities is not usually top priority but if there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
I decided to have a survey completed on a house in Hove before retaining lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend refuse to grant a loan on this type of house.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hove. Conveyancing may be slightly more expensive based on your lender's requirements.
We're first time buyers - agreed a price, but the agent has warned us that the owners will only go ahead if we instruct the agent's preferred conveyancers as they need an ‘expedited deal’. We would rather use a family solicitor accustomed to conveyancing in Hove
We suspect that the owner is unaware of this ultimatum. Should the vendor want ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you are going to use your preferred Hove conveyancing solicitors - not the ones that will give the negotiator at the agency a kickback or hit his conveyancing targets demanded by senior management.