Why do I have to pay up front when it comes to conveyancing in Lancing?
If you are buying a property in Lancing your solicitor will ask you put them with funds to cover the search fees. Normally this is requested to cover the fees of the conveyancing searches. If any deposit is as part of the total price then this should be asked for immediately in advance of contracts are exchanged. Any further balance that is needed should be transferred a few days prior to the completion date.
I'm the single recipient of my late mum's will and I have everything in my name now, including the house in Lancing. Conveyancing formalities meant that the Land Registry date was in March. I plan to dispose of the property. I understand that there is a CML 6 month 'rule', meaning my proprietorship will be regarded the same way as though I had purchased the house in March. Is the property unsalable for six months?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this obligation is primarily there to capture the purchase and immediately sell or the quick reselling of property.
I am due to exchange contracts on my apartment. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Nationwide are being pedantic. The Lancing solicitor who is on the Nationwide conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Nationwide are requiring a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
UBS have agreed my mortgage in principle, my offer on a property in Lancing has been accepted, now what?
The estate agent will wish to know who your solicitors are (make sure the property lawyers are on the lender’s panel). Call up UBS or your financial adviser and finalise any relevant forms. UBS will instruct a valuer who will get in contact with the selling agent or seller to book an appointment. Once carried out (assuming no problems) it takes approximately a fortnight to get a mortgage offer. UBS will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Lancing.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Lancing?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Lancing. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Do I need to be concerned that third parties that I am dealing with are encouraging me to use an internet conveyancing firm rather than a local Lancing conveyancing practice?
As is the case with many professional services, often input from family and friends can be most helpful. Nevertheless there are many players in a conveyancing transaction; estate agents, mortgage brokers and lenders may suggest solicitors to instruct. Sometimes the solicitors might be known to one of the organisations as experts in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You have the right to select your preferred lawyer. However, bear in mind that some mortgage providers have an approved list of conveyancers you are obliged to use for the mortgage aspect of your conveyancing.
As co-executor for the will of my aunt I am selling a house in Swansea but I am based in Lancing. My conveyancer (based 235 miles from mehas requested that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Lancing who can attest this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Lancing based