My wife and I are planning to buy a 3 bedroom flat in Hailsham with a mortgage. We like our Hailsham conveyancer, but the bank advise she’s not on their "panel". It appears that we have little option but to select one of the mortgage company panel conveyancing practices or continue with our Hailsham solicitor and pay for one of their panel lawyers to act for them. We feel that this is unjust; can we not demand that the mortgage company use our Hailsham conveyancer ?
No, not really. 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. Another option that might be available is for your Hailsham conveyancing solicitor to apply to be on the conveyancing panel.
Can the conveyancing solicitors listed on your site handle attended exchange conveyancing in Hailsham?
There are a few conveyancing experts carrying out 24hr exchanges. You should call us to get a fee calculation and details as to dates.
Can I use your services to locate a Conveyancing solicitor in Hailsham even where I’m not buying or selling a house, for example if I intend to acquire an office in Hailsham with a mortgage from Platform Home Loans Ltd?
Our comparison service is primarily there to get a quote from residential conveyancing solicitors in Hailsham but we have listed at the end of this page a selection of Hailsham commercial conveyancing firms. You will need to speak with the solicitors directly to see if they can also act for Platform Home Loans Ltd
I opted to have a survey completed on a property in Hailsham prior to appointing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks will not give a loan on this type of premises.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hailsham. Conveyancing may be slightly more expensive based on your lender's requirements.
Can you offer any advice when it comes to appointing a Hailsham conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Hailsham conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Hailsham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:
If the firm is not ALEP accredited then what is the reason? How familiar is the practice with lease extension legislation?
Hailsham Leasehold Conveyancing - A selection of Queries Prior to buying
You should be aware that where the lease has less than 80 years it will affect the marketability of the property. It is worth checking with your lender that they are happy with residual term of the lease. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you would be be obliged to have owned the residence for two years in order to be eligible to exercise a lease extension. In the main the cost for major works tend not to be wrapped into the service charges, although a few managing agents in Hailsham require tenants to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance.