Souldusing a Diss conveyancing practitioner make my purchase more efficient?
Diss is a unique place, where local know-how helps. The relaxed pace of life is great – but not when it comes to your home move. The property lawyers that we work with host exhaustive Diss intelligence with a professional, hands-onapproach that helps everything runs smoothly. It will certainly help that they benefit from long term rapport with mortgage brokers, local authorities, valuers and counterpart Diss conveyancing firms
My husband and I are nearing an exchange on a house in Diss and my mum and dad have sent the exchange deposit to my lawyer. I am now informed that as the deposit has not come from me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The conveyancer is obliged to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I purchased a freehold house in Diss yet charged rent, why is this and what is this?
It’s unusual for properties in Diss and has limited impact for conveyancing in Diss but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Can I be sure that the Diss conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Diss getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Diss property lawyer on the Santander panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
Coventry BS have agreed my home loan in principle, my bid on a house in Diss has been accepted, now what?
The property agent will wish to be advised as to your solicitor's details (make sure the solicitors are on the bank’s panel). Contact Coventry BS or your broker and finish off any relevant paperwork. Coventry BS will appoint a valuer who will get in touch with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Coventry BS will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Diss.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The conveyancers who conducted the conveyancing in Diss 10 years ago are no longer around. Will I be able to sell the house?
As long as the title is registered the details of your ownership will be documented by HMLR under a Title Number. It is easy to carry out a search at the Land Registry, find your property and get up to date copies of the property title for a small fee. Where the title is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
I have been on the look out for a flat up to £245,000 and found one near me in Diss I like with a park and transport links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Diss in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.