I am selling my home in Old Woking. Does the conveyancing practitioner have to be required to be on the RBS conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
Will our lawyer be making enquiries about flooding during the conveyancing in Old Woking.
Flooding is a growing risk for lawyers conducting conveyancing in Old Woking. There are those who acquire a property in Old Woking, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a various checks that can be undertaken by the purchaser or by their conveyancers which will give them a better understanding of the risks in Old Woking. The standard information given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to discover if the premises has ever been flooded. In the event that flooding has previously occurred which is not notified by the owner, then a purchaser could issue a claim for damages stemming from an misleading response. The buyer’s conveyancers will also order an environmental report. This will higlight if there is a recorded flood risk. If so, more detailed investigations will need to be conducted.
I acquired my house on 9 July and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Old Woking said it should be registered in a couple of weeks. Are titles in Old Woking particularly slow to register?
As far as conveyancing in Old Woking registration is no faster or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can vary subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any other parties. At present roughly 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted delays. Registration takes place after the buyer has moved in to the property so an expedited registration is not typically top priority but where there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
I am looking into buying my first house which is in Old Woking and I am already nervous. I couldn't find anything specific about Old Woking. Conveyancing will be needed in due course but do you know about the Old Woking area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Old Woking. In the meantime here are some basic statistics that we found
I am on look out for some leasehold conveyancing in Old Woking. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and almost all are in Old Woking - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a leasehold flat in Old Woking, conveyancing formalities finalised February 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Old Woking with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2077
With only 52 years left to run we estimate the price of your lease extension to range between £29,500 and £34,000 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
We are FTB’s just having agreed a price on a property in Old Woking, and are now looking to get solicitors lined up. We have utilised the various comparison based websites and the results are from all over the England and Wales. Is it essential to have a Old Woking solicitor local to the potential new home? I am fine to do everything over email, but I guess at some stage we will need to visit the property lawyer's office to sign contracts?
Generally there is no need to attend the office of your lawyer, they can post any relevant contracts to you, which you can sign and return. Many home movers choose to instruct a locally based solicitor, but it is not essential for conveyancing in Old Woking.