I happen to be the only beneficiary of my late father’s estate and I have everything in my name now, including the house in Ravenscourt Park. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship may be regarded the same way as though I had purchased the property in January. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. How sensible a view banks take of it, depend on the lender as this requirement is chiefly there to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.
My husband and I are spending time viewing flats in Ravenscourt Park and I am now considering a potential offer. Is it too early to have a solicitor in place? I will be getting a home loan with Bank of Ireland.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are getting a mortgage with Bank of Ireland, make sure you remember to check that your lawyer is on the Bank of Ireland conveyancing panel.
Nationwide have agreed my home loan in principle, my offer on a flat in Ravenscourt Park has been accepted, now what?
The estate agent will wish to be advised as to your property lawyer's details (be sure the conveyancers are on the bank’s panel). Contact Nationwide or your financial adviser and complete any outstanding paperwork. Nationwide will sellect a valuer who will get in contact with the estate agent or owners to arrange a time for the valuation to happen. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Nationwide will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Ravenscourt Park.
Do commercial conveyancing searches disclose planned roadworks that may impact a commercial site in Ravenscourt Park?
Many commercial conveyancing solicitors in Ravenscourt Park will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Ravenscourt Park. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Ravenscourt Park.
For every commercial conveyancing transaction in Ravenscourt Park it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Ravenscourt Park commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Ravenscourt Park.
The deeds to our property are lost. The conveyancers who did the conveyancing in Ravenscourt Park 5 years ago no longer exist. What are my options?
As long as you have a registered title the information relating to your proprietorship will be recorded by HMLR under a Title Number. It is possible to perform a search at the Land Registry, locate your property and order up to date copies of the property title for a small fee. Where the title is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Ravenscourt Park is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ravenscourt Park are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ravenscourt Park you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ravenscourt Park may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Given that I will soon spend £400,000 on a garden flat in Ravenscourt Park I would like to have a conversation with the solicitor regarding thehome move in advance of giving the go ahead to the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be doing your property ownership legalities in Ravenscourt Park.There is no ‘factory style conveyancing’ - every client is unique person, not a matter reference. The law firms that we put you in touch with believe that the fees you are provided with for residential conveyancing in Ravenscourt Park should be the figure that you are charged.
What if there is a problem with one of the searches for my conveyancing in Ravenscourt Park?
On the whole, most concerns that arise in Ravenscourt Park conveyancing search responses can be addressed in advance of completion or indemnity insurance may be put on cover. You need to note that regardless of the fact that you intend on buying the property and may be willing to accept the search results, your building society or bank may not, and when all said and done the decision rests with them.