As someone unfamiliar with the Raunds conveyancing process what is your top tip you can give me concerning the legal transfer of property in Raunds
You may not hear this from too many lawyers but conveyancing in Raunds and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the legal transfer of property. For instance, the vendor, selling agent and even potentially your bank. Appointing a law firm for your conveyancing in Raunds should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the process whose responsibility is to protect your best interests and to protect you.
There is a worrying ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. You your first instinct should be to trust your lawyer above the other players when it comes to the legal transfer of property.
I have been told that property searches are the primary cause of delay in Raunds conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Raunds.
I am buying my first flat in Raunds benefiting from help to buy. The builders would not reduce the amount so I negotiated £7000 of extras instead. The property agent suggested that I not inform my solicitor about this deal as it would impact my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What tools are available to search for a Raunds solicitor on the Britannia conveyancing panel? I have wheels and am prepared to travel upto 20kilometers to meet the solicitor.
You can use the search on this website. Please choose the bank and your location and you will see a number of Raunds conveyancing lawyers based on proximity. We have detailed some Raunds conveyancing firms at the bottom of this page and you can telephone them to verify whether they are on the Britannia panel
I am on look out for some leasehold conveyancing in Raunds. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
If the lease is registered - and 99.9% are in Raunds - 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 own a leasehold flat in Raunds, conveyancing was carried out March 2011. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Raunds with over 90 years remaining are worth £191,000. The ground rent is £55 yearly. The lease expires on 21st October 2077
You have 53 years unexpired we estimate the premium for your lease extension to range between £27,600 and £31,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
We are thinking of instructing a web based lawyer rather than a Raunds conveyancing practice. Am I making a mistake?
Numerous benefits exist in having the option pop in to a local Raunds conveyancing solicitor such as
- signing documents same day
- often being able to see someone face-to-face can make a significant difference, particularly for non-standard transactions
- the ability to raise concerns if things go pear-shaped
When checking estimates, look carefully for hidden extras. Most decent Raunds high street solicitors give an all-inclusive figure. Many online agents seem to offer cheap fees, yet have burried 'extras' in the fine print.