I just acquired a property at auction in Polegate. Conveyancing is needed. What happens now?

Having to all intents and purposes signed on the dotted line you must retain a conveyancing solicitor soon as you now have a fast approaching a fixed date to complete the property. An auction property will have a bespoke auction pack. This should include most,if not all of the documents that your conveyancer requires. Where you are dealing with leasehold property the conveyancing pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are organised to complete the transaction on the set completion date.

We have agreed to purchase a house in Polegate. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?

Given that you are obtaining a mortgage with Coventry BS your lawyer must comply with the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to Coventry BS where a lease fails to satisfy these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not restricted to Polegate.

The mortgage over my property is with Skipton for my property in Polegate. Conveyancing was finalised some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Skipton?

Skipton must be informed of your intention prior to letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. It may be that Skipton will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. You need not do this via a Skipton conveyancing panel firm.

Due to the input of my in-laws I had a survey completed on a property in Polegate prior to instructing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some banks may not issue a mortgage on such a property.

It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you contact us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Polegate. Conveyancing may be slightly more expensive based on your lender's requirements.

Hoping to buy a property located in Polegate and I am already nervous. I couldn't find anything specific about Polegate. Conveyancing will be needed in due course but do you know about the Polegate area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Polegate. In the meantime here are some basic statistics that we found

I am in need of some leasehold conveyancing in Polegate. Before diving in I want to be sure as to the remaining lease term.

Assuming the lease is registered - and most are in Polegate - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I bought a split level flat in Polegate, conveyancing formalities finalised April 2009. Can you work out an approximate cost of a lease extension? Comparable properties in Polegate with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2079

With just 54 years remaining on your lease the likely cost is going to range between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.

Me and my wife have agreed a price on a Polegate bungalow we inherited 5 years ago in 2010. I have over 15 years conveyancing experience and, now retired, see no reason not to do the conveyancing. The buyer's conveyancer has informed me that their Lenders will not allow us to do our own conveyancing mandating that the funds to be transferred to a solicitor's bank account.

Lending requirements to solicitors from all mainstream lenders state that If the vendor does not have legal representation the borrower's lawyers should check whether the mortgage company needs to be notified so that a decision can be made as to whether they are willing to move forward.