I have an AIP. The lender mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to appoint a high street conveyancing solicitor in Hove?
Do check but the chances are that give you one of their panel lawyers should you take up the "fee-free" deal. Speak to the bank to explore if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Hove.
My colleague recommended that if I am buying in Hove I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Hove conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Hove around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hove Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Hove Education with plans and statistics, Local Amenities and other useful data regarding Hove.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Hove I like with open areas and transport links in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in Hove for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
In my capacity as executor for the estate of my uncle I am selling a property in Newport but I am based in Hove. My conveyancer (who is 260 miles from merequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing solicitor in Hove to attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Hove based
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.