I am soon to exchange on the purchase of a house in Hockley Heath but as a consequence of wreckage from some water damage at the property I have was able negotiate compensation from the current proprietors of £3k by way of a deduction in the price. This was going to be dealt with as part of amending the contract but HSBC will not agree to this. Why were they notified?
Your solicitor being on the HSBC approved list is duty bound to inform HSBC of any variations to the sale price. If you were to refuse your conveyancer to report the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new lawyer for your conveyancing in Hockley Heath.
Me and my partner are buying a house in Hockley Heath. It might be a silly question but how we can trust a lawyer? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My aunt advised me that in buying a property in Hockley Heath there could be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of a number of properties in Hockley Heath which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Hockley Heath should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am due to move house in June. Should my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you recommend a removal company in Hockley Heath. Conveyancing firm was organised before I stumbled across this site.
On the day of completion you will need to collect the house keys from the selling agent but this should only take place when the vendors lawyers confirm to the agent that the monies to complete are in and the keys can be released. You should inform the removal company that they can start moving you in. We do not recommend a specific removal company but can help you find a conveyancing in Hockley Heath or a firm with expertise in conveyancing in Hockley Heath.
I have been told that property searches are a common reason for obstruction in Hockley Heath conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Hockley Heath.
How does conveyancing in Hockley Heath differ for newly converted properties?
Most buyers of new build property in Hockley Heath contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Hockley Heath tend to purchase the land, 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 used to new build conveyancing in Hockley Heath or who has acted in the same development.
I have been on the look out for a flat up to £235,500 and found one near me in Hockley Heath I like with open areas and transport links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Hockley Heath suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.