I am expecting a mortgage offer from Lloyds. I would like to instruct a Licensed Conveyancer in Steyning. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?

The Lloyds conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

How does conveyancing in Steyning differ for new build properties?

Most buyers of new build or newly converted property in Steyning approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Steyning usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Steyning or who has acted in the same development.

Due to the advice of my in-laws I had a survey completed on a property in Steyning ahead of retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders will not give a mortgage on such a home.

It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you e-mail us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Steyning. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Steyning to see if the conveyancing will be more expensive.

What makes your site different to alternative online quote calculators when it comes to conveyancing in Steyning?

At this site receive a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Steyning. Unlike many estate agents and brokerage sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' the firm that pays the most per referral, as opposed to the best value conveyancing in Steyning

What are the common problems that you come across in leases for Steyning properties?

Leasehold conveyancing in Steyning is not unique. All leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are not included. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party. Service charge per centages that don't add up correctly leaving a shortfall

You could have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Leeds Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the buyer to withdraw.

Steyning Conveyancing for Leasehold Flats - Sample of Queries before Purchasing

The prefered form of lease structure is a share of the freehold. In this arrangement the tenants have being in charge if their destiny and notwithstanding that a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent is directed by the tenants. It would be sensible to enquire if there are any onerous restrictions in the lease. By way of example it is reasonably common in Steyning leases that pets are not permitted in in a block in Steyning. If you like the apartmentin Steyning but your dog is not allowed to live with you then you will be presented with a hard compromise. You should be aware if it is fewer than 80 years it will impact the marketability of the apartment. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will most likely need a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you would be required to have been the owner of the premises for 24 months in order to be eligible to extend the lease.