I am about to exchange on the purchase of a house in Storrington but as a result of wreckage from the recent storms I have managed to agree reparation from the vendor of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of a side agreement yet Coventry BS will not permit this. Why were they notified?
Your lawyer being on a Coventry BS approved list is required to inform Coventry BS of any changes to the purchase price. If you prohibit your property lawyer to notify the reduction to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new property lawyer for your conveyancing in Storrington.
We wanted to use a conveyancing solicitor in Storrington for our house move. Our financial adviser informed us that our mortgage company Bank of Ireland won't deal with them. Surely this is unfair competition?
A mortgage company can require a panel solicitor act for it. You would be liable to bear the charges for this. Do use our directory service to find a solicitor to conduct conveyancing in Storrington on the Bank of Ireland member panel.
My wife and I have a terraced Georgian house in Storrington. Conveyancing lawyer acted for me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Storrington and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing practitioner who conducted the work.
How does conveyancing in Storrington differ for newly converted properties?
Most buyers of new build premises in Storrington come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Storrington typically buy the real estate, 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 conveyancers 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 used to new build conveyancing in Storrington or who has acted in the same development.
Can you offer any advice when it comes to finding a Storrington conveyancing practice to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Storrington conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Storrington conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
How experienced is the practice with lease extension legislation? If the firm is not ALEP accredited then what is the reason?
Storrington Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
Are there any major works in the planning that will likely increase the service charges? How much is the ground rent and service charge? The answer will be important as a) areas may cause problems in the block as the common areas may begin to deteriorate if services are not paid for b) if the leasehold owners have a dispute with the managing agents you will need to have all the details