We were just about to sign contracts for a ground floor flat in Hove. We encountered a snag. The loan offer with The Royal Bank of Scotland expires on 24/4/2024 but the sellers are insisting on a completion date of 26/4/2024. Is it possible to extend the loan offer?
The person best placed to address this issue is your conveyancer who will hopefully calculate if they corresponding with the mortgage broker, owner’s solicitors, selling agents or indeed all three taking into account the history of your transaction to date.
Completed the sale of my flat in Hove last January but the buyer keeps telephoning me to say his lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor is duty bound to forward the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Where appropriate, your lawyer must also evidence that the mortgage has been redeemed to the purchasers lawyers. There is unlikely to be post completion steps specific conveyancing in Hove.
My fiance and I decided to purchase a purpose built apartment in Hove with a mortgage from Nottingham Building Society.We like our Hove conveyancing solicitor but Nottingham Building Society informed us she’s not on their "panel". we are left little option but to use a Nottingham Building Society panel firm or retain our preferred solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage issued to you contains terms and conditions, a common one being that solicitors must be on the Nottingham Building Society conveyancing panel. Until recently, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Nottingham Building Society
Should my conveyancer be raising enquiries regarding flooding during the conveyancing in Hove.
Flooding is a growing risk for solicitors dealing with homes in Hove. Plenty of people will buy a property in Hove, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a numerous checks that may be undertaken by the buyer or on a buyer’s behalf which will figure out the risks in Hove. The standard property information forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to find out whether the premises has historically flooded. If the property has been flooded in past and is not revealed by the vendor, then a purchaser may bring a legal claim for losses as a result of such an inaccurate reply. The purchaser’s conveyancers may also carry out an enviro search. This will indicate whether there is a recorded flood risk. If so, further inquiries should be carried out.
Just had an offer accepted on a new build flat in Hove. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hove
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?