Me and my husband are acquiring a ground floor flat in Sutton On Sea. My lawyer is not on the mortgage company conveyancing list. Am I still permitted to appoint my Sutton On Sea conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel of approved conveyancing solicitors?
You have a number of options open to you here
- Proceed with your chosen Sutton On Sea lawyer but your mortgage company will undoubtedly use a property lawyer from their conveyancing panel. This will result in additional fees and likely frustration.
- Appoint a new conveyancing practitioner to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your lawyer to pull out all the stops to join the mortgage company conveyancing panel
We are purchasing our first home. Our conveyancing practitioner has e-mailedto check if we would like to order additional conveyancing searches. We are really unsure what's relevant for conveyancing in Sutton On Sea
The quantity and type of Sutton On Sea conveyancing searches depends entirely on the premises, the location, the possibility of any of these risks, your knowledge of the area and risks, your overall approach to risk. What matters is that you adequately understand what information the searches could give you. You may then make a decision if you consider that you need that search. If in doubt, ask the solicitor to guide you.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a property in Sutton On Sea? or Apparently there is historic law that means some house owners residing in a parish church boundary will be compelled to pay for repairs towards the chancel within the church. Is this relevant for conveyancing in Sutton On Sea?
Unless a prior purchase of the property took place post 12 October 2013 you may take it that solicitors conducting conveyancing in Sutton On Sea to continue to suggest a chancel search and or insurance against a claim.
I have been on the look out for a ground for flat up to £235,500 and found one near me in Sutton On Sea I like with open areas and transport links in the vicinity, however it only has 61 years on the lease. There is not much else in Sutton On Sea suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
Two months into buying a property in Sutton On Sea. Conveyancing solicitor has told us the title is "Leasehold". Will this likely impact the marketability of the property?
Sutton On Sea conveyancing does not normally involve leasehold houses. The key factor here is the unexpired lease term and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it’s unlikely to affect the saleability too much.
At the other end of the spectrum, if it's, say, Sixty years it is bound to have a significant effect on the value, and most likely wouldn't be acceptable to the bank. The length of lease and ground rent will be set out in the lease to be supplied to your conveyancer.