I am under pressure from the owner of a property in Hornsea to exchange within four weeks. What can be done to speed up the legal process?
In the event that you are under pressure to complete it is advisable to make sure that your conveyancer is familiar with the location as they will have local contacts and know-how. It is even conceivable that they could have transacted previoushomes in the same road. You would be best advised to use a Hornsea conveyancing firm. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Hornsea conveyancing transactions are held up or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the transaction being held up by as much as 21 days. It is said that this issue affects approximately one hundred thousand home sales annually. Almost all Hornsea conveyancing practices can not represent certain lenders so do check at the outset.
We had instructed conveyancers based in Hornsea on the Nottingham solicitor approved list. They are now charging me a separate fee for dealing with the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your conveyancer can charge a fee for this. This charge is not dictated by Nottingham but by your Hornsea conveyancing practitioner. Plenty of firms on the Nottingham panel will levy ’dealing with mortgage’ fee and others do not.
We expect to receive a AIP from UBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Hornsea solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Hornsea solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
Co-operative have agreed my mortgage in principle, my offer on a house in Hornsea has been accepted, what happens next?
The estate agent will need to know who your solicitors are (make sure the lawyers are on the bank’s approved list). Contact Co-operative or the financial adviser and finish off any appropriate paperwork. Co-operative will sellect a valuer who will get in contact with the selling agent or seller to arrange a slot for the valuation to occur. Once conducted (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Co-operative will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hornsea.
I have todaydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Hornsea for a purchase of a leasehold apartment 18 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hornsea conveyancing specialists.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Hornsea is the location of the property. Is there any advice you can give?
Flying freeholds in Hornsea are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hornsea you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hornsea may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How does the Landlord & Tenant Act 1954 affect my commercial property in Hornsea and how can your lawyers assist?
The particular law that you refer to provides a safeguard to commercial leaseholders, granting the dueness to apply to court for a new lease and continue in occupation when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Hornsea is one of our numerous locations in which the firms we work with are located