What does my ID and proof of funds have anything to do with my conveyancing in Hurworth? Is this really necessary?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to check the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you are required to sign will no doubt reaffirm this. Your lender will also require certain documents to be viewed. If you refuse to supply identification documents, your conveyancer will not be able to take you on as a client.
Last month we had a mortgage agreed in principle with RBS. Hurworth conveyancing solicitors have been instructed. What is the average time that one could expect to receive a mortgage offer from RBS?
Some lenders take longer than others. Have RBS done the valuation? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Hurworth bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Hurworth conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend based on their specific requirements. I have no idea who is right.
The lawyer has to comply with the CML Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I recently had an offer agreed on an apartment in Hurworth. My financial adviser recommended their conveyancers. I paid an on account payment of £200. A few days later, the lawyer called me sheepishly admitting that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am looking into buying my first house which is in Hurworth and I am already nervous. I couldn't find anything specific about Hurworth. Conveyancing will be needed in due course but do you know about the Hurworth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hurworth. In the meantime here are some basic statistics that we found
My husband and I are 3 weeks into a residential purchase having been referred to solicitors by the selling agent to perform conveyancing in Hurworth. I am am very dissatisfied with the quality of service. Can you you assist me in finding new lawyers?
They would have to be very poor in order to consider replacing them. Has the mortgage offer been issued? If so you must inform them of the new lawyer and ensure the offer are issued to the new lawyers. The conveyancer needs to be on the banks approved list to avoid escalating charges and complications. That should be your starting point. The search tool can help you find a bank approved lawyer for your home move in Hurworth
I have just started marketing my ground floor apartment in Hurworth. Conveyancing has not commenced, but I have recently had a half-yearly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as normal as all ground rent and maintenance charges will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a 1st floor flat in Hurworth, conveyancing having been completed March 2003. Can you work out an approximate cost of a lease extension? Comparable flats in Hurworth with a long lease are worth £190,000. The average or mid-range amount of ground rent is £65 per annum. The lease ends on 21st October 2087
With just 61 years left to run the likely cost is going to span between £19,000 and £22,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
My partner and I plan to acquire our 1st home in Hurworth. Conveyancing solicitor already appointed. The financial consultant advised that a survey is not needed as the property was only constructed in 1997.
You would be best advised to undertake a Home Buyer's Report. As the premises is more than ten years old the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report could be enough. They will highlight any obvious issues and recommend further investigation if appropriate. Where there are any signs of problems obtain a comprehensive structural survey.