My partner and I are intent on buying a maisonette in Raunds. My Conveyancer is not listed on the bank approved panel. Am I still permitted to continue with my Raunds conveyancing solicitor even though they are excluded from the lender approved list?
You will need to use a conveyancing practitioner to deal with the formalities if you require a loan to purchase your property. The solicitor will conduct all the essential due diligence on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage documentation is in order. One can select a Raunds property lawyer of your choosing. Nevertheless, where the lawyer appointed is not on the bank approved list supplemental charges will be levied as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so where your conveyancer has not previously sought membership they should take the opportunity to apply.
My conveyancer has uncovered a a legal deficiency with the lease for the apartment we are purchasing in Raunds. The seller’s lawyers have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that he must ensure that the bank is happy with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. The appropriate lender provisions have to be complied with.
I am looking to buy a flat and need a conveyancing solicitor in Raunds who is on the Barclays approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays in certain locations such as Raunds. We dont recommend any particular firm.
Have completed on a a detached house in Raunds , how long should it take for the Land Registry to record my ownership? My Raunds conveyancing solicitor works at snail pace, so I want to be certain the registration is concluded.
As far as conveyancing in Raunds is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry need to notify any interested parties. Currently in the region of 80% of such applications are fully addressed within 12 days but occasionally there can be longer delays. Registration occurs after the new owner has moved in to the property thus 'speed' is not usually top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer must speak with the land registry and explain the circumstances.
How does conveyancing in Raunds differ for new build properties?
Most buyers of new build premises in Raunds contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Raunds typically acquire the site, 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 Raunds or who has acted in the same development.
Jane (my partner) and I may need to sub-let our Raunds garden flat for a while due to taking a sabbatical. We used a Raunds conveyancing firm in 2001 but they have closed and we did not have the foresight to get any advice as to whether the lease permits subletting. How do we find out?
Notwithstanding that your last Raunds conveyancing solicitor is no longer available you can review your lease to see if it allows you to sublet the premises. The rule is that if the lease is non-specific, subletting is allowed. There may be a precondition that you are obliged to seek permission from your landlord or some other party in advance of subletting. The net result is that you cannot sublet in the absence of prior permission. The consent is not allowed to be unreasonably turned down. If your lease prohibits you from letting out the property you will need to ask your landlord for their consent.
I acquired a 2 bed flat in Raunds, conveyancing having been completed September 2005. 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 Raunds with over 90 years remaining are worth £170,000. The ground rent is £50 charged once a year. The lease comes to an end on 21st October 2103
With 78 years left to run we estimate the premium for your lease extension to span between £7,600 and £8,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing 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 are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.