Is it realistic for conveyancing in East Bedfont to be done in less than 3 weeks?
Where you are under pressure to complete it is highly recommended that your conveyancer is familiar with the location as they will have local connections and knowledge. It is possible that they could have handled previoushouses in the same neighbourhood. Therefore consider using a East Bedfont conveyancing firm. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is said that 18% of East Bedfont conveyancing transactions are held up or derailed after finding out that a purchaser’s conveyancer was not on their banks panel. In many cases this discovery resulted in the transaction being delayed by as much as three weeks. It is understood that this issue impacts approximately 100,000 home moves every year. Almost all East Bedfont conveyancing firms can not act for certain mortgage companies so do check at the outset.
We're in East Bedfont, FTBs buying with a mortgage (lender is RBS , and our lawyer is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I are downsizing from our house in East Bedfont and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street East Bedfont lawyer would know this is not the case. It does beg the question why the purchasers used an online conveyancing outfit rather than a conveyancing solicitor in East Bedfont. Having lived in East Bedfont for many years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
My wife and I own a renovated Victorian property in East Bedfont. Conveyancing lawyer acted for me and National Westminster Bank. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the exact same property. Is it worth asking National Westminster Bank to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in East Bedfont and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing lawyer who completed the work.
I'm purchasing my first flat in East Bedfont benefiting from help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not to tell my solicitor about the deal as it would put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £175,000 garden flat in East Bedfont in just under a week. The landlords agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in East Bedfont?
East Bedfont conveyancing on leasehold flats usually results in administration charges levied by management companies :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in East Bedfont
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
We have reached the end of our tether in seeking a lease extension in East Bedfont. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a East Bedfont conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a East Bedfont residence is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 82.93 years.