I have given 8 weeks notice to my current landlord and must be out of my rented apartment in Motspur Park by the end of next month. Conveyancing for my house purchase is underway. How realistic is it to complete in 5 weeks as don't want to have to move into short term accommodation?
The normal practice is not to provide notice on a rental until you have exchanged. Assuming that you have not previously done so, notify to your lawyer and request that they apply pressure on the owners side, try to an acceptable time-line that all parties will aim towards
What happens if my solicitor is removed from the Coventry BS Solicitor panel ahead of completing my conveyancing in Motspur Park?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My wife and I are buying a apartment in Motspur Park. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to put 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.
My stepmother advised me that in purchasing a property in Motspur Park there may be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Motspur Park which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Motspur Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am due to exchange contracts on my apartment. I had a double glazing fitted in August 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Coventry BS are being problematic. The Motspur Park solicitor who is on the Coventry BS conveyancing panel is saying indemnity insurance will be fine but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS 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.
How does conveyancing in Motspur Park differ for new build properties?
Most buyers of new build premises in Motspur Park come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Motspur Park typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Motspur Park or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Motspur Park I like with a park and railway links nearby, however it's only got 49 remaining years left on the lease. There is not much else in Motspur Park in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I am looking for a conveyancing practitioner in Motspur Park for my remortgage. Is it possible to check a firm’s complaints history with the profession’s regulator?
You may search for presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes recorded call for training requirements.