Me and my wife are purchasing our first house. The property lawyer has texted usto check if we want to purchase additional conveyancing searches. As novices we are clueless as to what's appropriate for conveyancing in Haywards Heath
The number and type of Haywards Heath conveyancing searches depends primarily on the premises, the location, the probability of any of these risks, your knowledge of the region and risks, your overall appetite to risk. What is important is that you properly comprehend what information each search could supply. You may then make a decision if you consider that you need that information. Where you are uncertain, ask your solicitor to provide guidance.
My father informed me that in purchasing a property in Haywards Heath there could be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Haywards Heath which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Haywards Heath should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm spending time looking at apartments in Haywards Heath and I am now considering a potential offer. Is it sensible to have my solicitor on ‘stand by’? I will be getting a home loan with UBS.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are getting a mortgage with UBS, make sure you remember to check that your lawyer is on the UBS conveyancing panel.
I have a mortgage with Lloyds for my property in Haywards Heath. Conveyancing was finalised 12 months ago. Should I wish 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 Lloyds?
Lloyds must be informed of your intention in advance of letting out your property as this is likely to be a breach of Lloyds’s mortgage conditions. In many cases banks or building societies will permit you to let 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 Lloyds directly. It should not be necessary to do this via a Lloyds conveyancing panel firm.
I decided to have a survey done on a house in Haywards Heath ahead of instructing lawyers. I have been told that there is a flying freehold element to the house. The surveyor has said that some banks will not give a mortgage on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Haywards Heath. Conveyancing will be smoother if you use a solicitor in Haywards Heath especially if they regularly deal with such properties in Haywards Heath.
If all goes to plan we aim to complete the sale of our £325,000 flat in Haywards Heath next Tuesday. The landlords agents has quoted £396 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Haywards Heath?
For most leasehold sales in Haywards Heath conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Answering conveyancing due diligence enquiries
Where consent is required before sale in Haywards Heath
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a 1 bedroom flat in Haywards Heath, conveyancing was carried out in 2011. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Haywards Heath with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 2085
With just 62 years unexpired we estimate the price of your lease extension to span between £17,100 and £19,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
My partner and I are acquiring a garden flat in Haywards Heath. When we first instructed lawyer, they said that they were on all major UK mortgage company panels. Our financial adviser emailed today to say that they don't seem to be on the Santander approved list. If it turns out to be true, what should we do? Should we simply pick a new conveyancer that is on their approved list or do we pay for separate representation, with Santander selecting their own approved property lawyer.
When buying a property with the benefit of a mortgage it is usual for the purchaser’s lawyers to also act for the mortgage company. In order to act for a bank or building society a property lawyer has to be on that lender's list of approved lawyers. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict criteria which the solicitor has to satisfy. Some mortgage companies now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should contact Santander and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Santander's conveyancing panel as you are at liberty to use your preferred Haywards Heath lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another conveyancing practitioner into the mix.