Am I correct in assuming that the fact that my solicitor in Hurstpierpoint is not on my lender's conveyancing panel that there is a problem with the quality of her conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Hurstpierpoint conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
Me and my brother purchased a 4 bedroom Victorian property in Hurstpierpoint. Conveyancing practitioner represented me and The Royal Bank of Scotland. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hurstpierpoint and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.
I'm purchasing a new build house in Hurstpierpoint benefiting from help to buy. The builders refused to budge the price so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not inform my lawyer about the side-deal as it will jeopardize my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Back In 2001, I bought a leasehold house in Hurstpierpoint. Conveyancing and Lloyds TSB Bank mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Hurstpierpoint who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. You do not need to incur the fees of a Hurstpierpoint conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Hurstpierpoint - Sample of Queries before Purchasing
In the main the cost for major works are not included within maintenance charges, although some managing agents in Hurstpierpoint obliged leaseholders to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. Does the lease have onerous restrictions? Its a good idea to find out as much as possible concerning the managing agents as they will either make your living at the property much simpler or a lot more difficult. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to daily issues like the tidiness of the common parts. You should not be shy to ask prospective neighbours if they are happy with them. In conclusion, investigate as to the dates that the service fees are due to the relevant party and precisely how they are spending the funds.
Our conveyancing in Hurstpierpoint is completing on Friday, however the person I am purchasing from wants to vacate the next day at noon. Can I agree to this?
If you need a loan then your lawyer will require that the premises arevacant on Friday - the lender will compel it.