I am acquiring an apartment in East Grinstead. My Solicitor is not on the bank approved panel. Am I still permitted to use my East Grinstead conveyancing solicitor notwithstanding that they are excluded from the lender panel?
You must instruct a conveyancing practitioner to complete the legal work required if you require a mortgage to buy your property. The conveyancer will conduct all the relevant investigations on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is in place. You can select a East Grinstead conveyancer of your choice. Nevertheless, if the lawyer appointed is not a member of the mortgage company solicitor panel additional charges will be incurred as separate legal representation will be need by the mortgage company. Conveyancing panel applications may be submitted, so where your lawyer has not previously applied for membership they should take the opportunity to apply.
Can I use your services to recommend a Conveyancing solicitor in East Grinstead even if I’m not purchasing or selling a house, for example where I want to buy an office in East Grinstead with a mortgage from Clydesdale?
Our search tool is mainly there to help choose residential conveyancing solicitors in East Grinstead but we have recorded at the bottom of this page a selection of East Grinstead commercial conveyancing firms. You should make contact with the solicitors directly to establish if they can also act for Clydesdale
We are buying a terrace house in East Grinstead. Our aim is to carry out a loft conversion at the property.Will the conveyancing process involve enquiries to ascertain if these works are allowed?
Your property lawyer will check the deeds as conveyancing in East Grinstead will sometimes reveal restrictions in the title documents which prevent certain changes or need the consent of another owner. Some extensions call for local authority planning consent and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
When it comes to lenders such as Bank of Ireland, do East Grinstead property lawyers incur a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I currently have a mortgage with Bank of Ireland for my property in East Grinstead. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland?
You must advise Bank of Ireland prior to renting your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. It should not be necessary to do this via a Bank of Ireland conveyancing panel lawyer.
We are buying a property and the solicitor has raised the issue of Chancel Repair to which the house may be obligated to pay because it falls into the area of such a church. She has recommended insurance. Is this really appropriate for conveyancing in East Grinstead
Unless a prior acquisition of the house completed after 12 October 2013 you can expect lawyers conducting conveyancing in East Grinstead to remain recommending a chancel search and or insurance against a claim.
Last February I purchased a leasehold flat in East Grinstead. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a studio flat in East Grinstead, conveyancing was carried out 7 years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in East Grinstead with over 90 years remaining are worth £195,000. The ground rent is £45 per annum. The lease runs out on 21st October 2082
With 63 years remaining on your lease we estimate the price of your lease extension to span between £16,200 and £18,600 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.