When does exchange of contracts happen for sale conveyancing in Ravenscourt Park and do I need to attend the lawyers branch?
Where you are in close proximity to one of the conveyancing solicitors in Ravenscourt Park you are invited in to sign the paperwork. That being said, the firms we recommend supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the purchase agreement is not the point of no return. A signed contract simply enables the firm to address the formalities at the suitable time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ravenscourt Park)to be in the office at the appropriate time.
I'm the only beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Ravenscourt Park. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I understand that there is a CML 6 month 'rule', meaning my property ownership could be treated the same way as though I had purchased the property in October. Do I have to wait 6 months to sell?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How practical a view banks take of it, depend on the bank as this provision principally exists to identify subsales or the quick reselling of property.
I have a mortgage with Kent Reliance for my property in Ravenscourt Park. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Your original mortgage agreement with Kent Reliance will provide that you need their approval prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel solicitor.
I was told two weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Ravenscourt Park is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
Are there restrictive covenants that are commonly picked up during conveyancing in Ravenscourt Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Ravenscourt Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £235,500 and identified one round the corner in Ravenscourt Park I like with amenity areas and station nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Ravenscourt Park in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be an issue. Reduce 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 a minimum of twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Is it possible to swap solicitor as I need to appoint one who is on the Barclays conveyancing panel. I hired a local conveyancing solicitor in Ravenscourt Park five minutes from me but she is not approved by Barclays
We will our best to assist in finding you a conveyancing solicitor in Ravenscourt Park on the Barclays panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Ravenscourt Park. In utilising search facility on this website, you can compare charges for conveyancing solicitors in Ravenscourt Park and throughout England and Wales.
My mother purchased her house in Ravenscourt Park in 2007. She has been married, widowed and has recently married again. She wishes to sell the house next moths. I believe she will simply be asked to provide a copy of her marriage papers to the conveyancing practitioner but she is concerned it will delay the sale of the property. Should she appoint a conveyancer to update the title details for the house?
The is no need to bring up to date the register on the basis that you have the proof required to demonstrate how the name change resulted.
Any buyer’s solicitor will examine the land registry entries and request evidence to prove the name change for instance marriage certificates.