What is the best way to find out if the solicitor handling my conveyancing in Eastbourne is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for TSB thus paying £192.00 in supplemental legal invoice.
Please do take advantage of the search tool on this site. Pick the mortgage company and type ‘Eastbourne’ or your preferred area and you will see a number of lawyer located in Eastbourne or near you.
When it comes to mortgage companies such as Lloyds, do Eastbourne conveyancers have to pay an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
I have a mortgage with Skipton for my property in Eastbourne. Conveyancing was finalised a year ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Skipton?
You must advise Skipton before renting your property as this is likely to be a breach of Skipton’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 Skipton directly. It should not be necessary to do this via a Skipton conveyancing panel solicitor.
Nottingham have agreed my mortgage in principle, my offer on a flat in Eastbourne has been accepted, what are the next steps?
The property agent will want to know who your solicitors are (be sure the property lawyers are on the lender’s approved list). Contact Nottingham or your financial adviser and finish off any outstanding forms. Nottingham will sellect a valuer who will get in contact with the selling agent or vendor to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Nottingham will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Eastbourne.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Eastbourne I like with a park and station nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Eastbourne in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
How does the Landlord & Tenant Act 1954 affect my business premises in Eastbourne and how can you help?
The particular law that you refer to gives security of tenure to commercial lessees, granting the legal entitlement to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Eastbourne
My father has urged me to instruct his lawyers for conveyancing in Eastbourne. Should I choose my own conveyancer?
There are no two ways about it it’s preferable to select a conveyancing lawyer is to seek referrals from friends or relatives who have actually previously instructed the solicitor that you are contemplating using.