I am the sole recipient of my late mum's will and I have everything in my name now, including the my former home in Lindfield. Conveyancing formalities meant that the Land Registry date was in August. I want to move. I do know about the CML six month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the property in August. Is the property unsalable for six months?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. many banks would take a pragmatic view as this provision is principally there to identify the purchase and immediately sell or the wholesaling and assigning of properties.
It is unclear whether my mortgage offer requires a lease extension. I have called into my local Lindfield bank branch on numerous occasions and was told it wasn't an issue and they would lend. My Lindfield conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend based on their published requirements. Who do I believe?
As long as the conveyancing practitioner is on the lender approved list, they must follow the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Our sealed bid on a house in Lindfield has been accepted, the vendors do nevertheless have a tied purchase. The sellers have put an offer on on an apartment, but it’s not yet tied up, and have viewings of other flats booked. I have selected a high street conveyancing solicitor in Lindfield. What do I do now? At what point should I apply for the mortgage with Principality?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx one thousand pounds, then valuation, Lindfield conveyancing search charges, etc). First, you should ensure that your conveyancer is on the Principality conveyancing panel. Regarding the next steps this very much depends on the circumstances of your case, motivation for this property and on the state of the market. In a rising market many purchasers would apply for the mortgage with Principality and arrange for the valuation and only if it comes back ok would they ask their lawyer to proceed with the conveyancing in Lindfield.
I require expedited conveyancing in Lindfield as I am under pressure to complete in less than 2 weeks. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not taking a home loan you have the choice not to have searches conducted although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Lindfield the following are instances of issues that can be revealed and adversely impact the marketability of the property: Enforcement Actions, Overdue Charges, Overdue Grants, Road Schemes,...
I used Arc property Solicitors a few years ago for my conveyancing in Lindfield. I now require my papers but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lindfield of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a flat up to £235,500 and found one round the corner in Lindfield I like with open areas and transport links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Lindfield for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
Should I go with a Lindfield conveyancing practitioner who is local to the property I am buying? An old friend can deal with the legal work but they are based 200miles away.
The primary upside of using a local Lindfield conveyancing practice is that you can pop in to execute paperwork, present your identification documents and apply pressure on them if necessary. Having local Lindfield know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were impressed that should surpass using an unknown Lindfield conveyancing solicitor just because they are based in the area.