When it comes to lenders such as Yorkshire BS, do Arundel lawyers have to pay a yearly amount to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
We are getting the release of further monies on our home loan from TSB as we wish to carry out alterations to our home in Arundel. Are we obliged to appoint a nearby Arundel solicitor on the TSB conveyancing panel to handle the paperwork?
TSB don't usually require a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB list.
We have agreed to purchase a house in Arundel. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Skipton be concerned?
Given that your lender is Skipton your lawyer must follow the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for Skipton. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Skipton 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 Arundel.
I have been told that property searches are the number one reason for stalling in Arundel conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Arundel.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Arundel I like with amenity areas and railway links nearby, however it's only got 52 years on the lease. There is not much else in Arundel for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan that many years may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I'm remortgaging my primary property to a BTL mortgage with Skipton Building Society and intend to use the remaining equity towards a second property. The neighborhood we are interested in is Arundel. Will your lawyers be able to act for the two mortgage companies and tie in the transactions?
Do use our comparison tool on this page to ensure that the solicitors are approved by both banks. On the basis that they are the conveyancer should be able to simultaneously deal with the two deals but you should talk with you lawyer and communicate your expectations and needs.
My cousin has recommend that I appoint his lawyers for conveyancing in Arundel. Should I find my own solicitor?
No doubt the ideal way to choose a conveyancing practitioner is to get referrals from friends or family who have used the solicitor you're are thinking of instructing.