We are purchasing a 3 bedroom flat in Crowborough with a mortgage. We have a Crowborough lawyer, however the bank says she’s not on their "panel". We have to appoint one of the lender panel solicitors or continue with our Crowborough lawyer and pay for one of their panel ones to act for them. This seems very unfair; are we not able to require that the lender use our Crowborough conveyancer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’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 Crowborough conveyancing solicitor to apply to be on the conveyancing panel.
We are acquiring our first home. Our conveyancing practitioner has messagedto see if we want to take out additional conveyancing searches. As novices we have no idea as to what's recommended for conveyancing in Crowborough
The range of Crowborough conveyancing searches depends primarily on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your general appetite to risk. What matters is that you properly appreciate what information the searches could supply. Then you can make a decision if you personally think you need that information. If uncertain, ask the conveyancer to guide you.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Crowborough I like with amenity areas and station in the vicinity, however it's only got 61 years on the lease. There is not much else in Crowborough suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could 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 lawyer about this.
Am I better off to appoint a Crowborough conveyancing solicitor in close proximity to the house I am buying? An old friend can conduct the conveyancing however they are based a couple of hundredmiles away.
The primary upside of using a local Crowborough conveyancing firm is that you can visit the firm to execute documents, hand in your ID and pester them if necessary. Having local Crowborough know how is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were happy that must outweigh using an unfamiliar Crowborough conveyancing solicitor just because they are round the corner.
If all goes to plan we aim to complete our sale of a £200,000 maisonette in Crowborough on Wednesday in a week. The landlords agents has quoted £408 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in Crowborough?
Crowborough conveyancing on leasehold apartments often requires the buyer’s conveyancer sending enquiries for the landlord to answer. Although the landlord is not legally bound to address these enquiries most will be willing to assist. They are entitled to invoice a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some cases it exceeds £800. The management information fee demanded by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration fees, without which the charge is not strictly payable. In reality one has little choice but to pay whatever is demanded if you want to sell the property.
Crowborough Leasehold Conveyancing - Examples of Queries before buying
How is the lease structured? Who takes charge for maintaining and repairing the building? Make sure you enquire if there are any onerous prohibitions in the lease. For instance it is reasonably common in Crowborough leases that pets are not permitted in in a block in Crowborough. If you like the propertyin Crowborough however your cat is not allowed to move with you then you have a very difficult determination.