Can conveyancing in Eel Pie Island to be concluded in under 10 days?
In the event that you are under pressure to complete we would recommend that your solicitor is familiar with the location as they will have local contacts and intelligence. It is even conceivable that they would have transacted previousproperties in the same neighbourhood. You would be best advised to use a Eel Pie Island conveyancing lawyer. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of Eel Pie Island conveyancing deals are suspended or derailed after finding out that a purchaser’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the home move being held up by almost three weeks. It is claimed that this issue affects in the region of 100,000 home moves every year. Many Eel Pie Island conveyancing practices can not represent certain banks so do check as early as possible.
As someone unfamiliar with conveyancing in Eel Pie Island what’s the number one tip you can give me for the ownership transfer in Eel Pie Island
You may not hear this from too many lawyers but conveyancing in Eel Pie Island or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of opportunity for conflict between you and other parties involved in the house moving process. For instance, the vendor, property agent and sometimes a bank. Selecting a solicitor for your conveyancing in Eel Pie Island should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose interest is to act in your legal interests and to keep you safe.
Every so often a third party with a vested interest may try and sway you that it is in your interests to do things their way. For example, the property agent may claim to be helping by suggesting your solicitor is dragging his heels. Or your mortgage broker may try to convince you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties in the conveyancing process.
My uncle advised me that in purchasing a property in Eel Pie Island there may be various restrictions affecting the ability to carry out external alterations to the property. Is this right?
We are aware of a number of properties in Eel Pie Island which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Eel Pie Island should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have a mortgage agreed in principle with RBS. Eel Pie Island conveyancing solicitors are instructed. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS conducted the valuation? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am selling my flat. I had a double glazing fitted in November 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, HSBC are being difficult. The Eel Pie Island solicitor who is on the HSBC conveyancing panel is recommending indemnity insurance as a solution but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Me and my brother have a semi-detached Edwardian house in Eel Pie Island. Conveyancing solicitor acted for me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching address. Is it worth asking Nottingham Building Society to clarify?
You should review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Eel Pie Island and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who carried out the work.
I need to find a conveyancing solicitor for leasehold conveyancing in Eel Pie Island. I've chance upon a site which appears to be the perfect solution If it is possible to get all the legals completed via web that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We own a leasehold flat in Eel Pie Island. Conveyancing was completed in five years ago. I have been told that I should not allow the the remaining lease term to fall too low. What is the reasoning?
Eel Pie Island domestic long term leases are for a set period - often ninety nine years when they are first granted. However many appartments in Eel Pie Island were built or converted 20 or more years ago and so such leases now have fewer than 80 years remaining. This may sound like a long time however Banks, Building Societies and other mortgage companies on the whole need leases to have at least seventy five years unexpired to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching eighty years. To optimize your property value you should be thinking about whether or not to extend your lease long before you come to sell it. Please note that there are significant benefits to taking action before the lease hits eighty years as when the lease is below eighty years the amount you have to pay to extend starts to get a lot more expensive.