Can conveyancing in Rainham to be concluded in under two weeks?
In a situation where the seller is applying a tight deadline to complete it is advisable to make sure that your lawyer is familiar with the location as they will have local contacts and insight. It is possible that they would have conducted otherhouses in the same street. You would be best advised to use a Rainham conveyancing lawyer. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is estimated that 18% of Rainham conveyancing transactions are delayed or derailed after finding out that a buyer’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being delayed by an average of three weeks. It is estimated that this issue impacts approximately 100,000 home moves every year. Many Rainham conveyancing practices can not act for certain banks so do check as early as possible.
I purchased a freehold house in Rainham yet pay rent, why is this and what is this?
It is rare for properties in Rainham and has limited impact for conveyancing in Rainham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Have completed on a a terraced house in Rainham , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Rainham conveyancing solicitor works at snail pace, so I want to be certain that my purchase is registered.
There is nothing unique about conveyancing in Rainham registration formalities. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and if the Land registry communicate with any third parties. Currently in the region of three quarters of such applications are completed within two weeks but some can be subject to protracted hold-ups. Registration occurs after the buyer has moved in to the premises thus 'speed' is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your solicitor must speak with the land registry and explain the circumstances.
Over the last few months I have been searching for a flat up to £245,000 and identified one round the corner in Rainham I like with open areas and transport links nearby, however it's only got 61 years on the lease. I can't really find anything else in Rainham for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
I need to instruct a conveyancing solicitor in Rainham for my home move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.
What tools are available to find a Rainham conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 15miles to attend the conveyancer.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Rainham and you will see a number of lawyer located nearest Rainham. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.