I am need of leasehold conveyancing for an apartment in a fairly new development (seven years built) in Steyning. Almost all the appartments have already been occupied. Is it really necessary to order conveyancing searches for my conveyancing in Steyning?
You are opening yourself up to an unnecessary risk in not carrying out Steyning conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would seriously advise in the strongest possible terms that you have them. If timings and expenses are top of your issues you should discuss with your lawyer about the option of search insurance
Is there a search tool that I can utilise to investigate if the solicitor carrying out my conveyancing in Steyning is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus paying £187.00 plus VAT in supplemental conveyancing costs.
Feel free to take advantage of the search tool on this web page. Pick the lender and type ‘Steyning’ or your preferred area and you will see numerous solicitors based in Steyning or nearest you.
My wife and I are buying a flat in Steyning. I might seem paranoid but how we can trust a conveyancer? On completion day we have to deposit money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the only beneficiary of my late grandmother’s will with all property in now in my sole name, including the house in Steyning. Conveyancing formalities meant that the Land Registry date was in November. I want to move. I understand that there is a CML 6 month 'rule', meaning my proprietorship could be treated the same way as if I'd bought the property in November. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. many banks would take a pragmatic view as this requirement is primarily there to capture the purchase and immediately sell or the quick reselling of properties.
We have agreed to purchase a house in Steyning. One unusual aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with TSB your lawyer must comply with the formal instructions set out in Part two of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to TSB where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Steyning.
I know that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a property in Steyning? or Apparently there is a law dating back centuries that means some house owners residing in a parish church boundary may be liable to contribute towards repairs to the chancel within the church. Is this appropriate for conveyancing in Steyning?
Unless a previous acquisition of the premises took place post 12 October 2013 you can expect solicitors conducting conveyancing in Steyning to remain recommending a chancel search and or chancel repair liability policy.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Steyning is where the house is located. Can you shed any light on this issue?
Flying freeholds in Steyning are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Steyning you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Steyning may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.