We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would prefer to instruct a Hastings based conveyancing firm?
You should check but the the likelihood is that appoint one of their panel lawyers if you accept the "fee-free" offer. Contact the bank to determine if they offer you a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Hastings.
four months have gone by since my purchase conveyancing in Hastings concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Hastings differ for newly converted properties?
Most buyers of new build premises in Hastings approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Hastings usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hastings or who has acted in the same development.
How do I use the search tool to find a conveyancing practitioner in Hastings on the panel for my mortgage?
Step one is to choose a lender such as Accord Mortgages Ltd, Norwich and Peterborough Building Society or Britannia then choose your preferred area for example Hastings. Conveyancing practices in Hastings and further afield should be shown.
Please can you explain what options are available to me if my Hastings conveyancing searches shows detrimental entries?
Ordinarily, the majority of concerns exposed in Hastings conveyancing search responses can be dealt with before completion or title insurance can be put on cover. You need to remember that regardless of the fact that you intend on purchasing the property and may be content to accept the search results, your lender may not, and when all said and done the decision rests with them.