I'm the sole beneficiary of my late mum's will with all property in now in my sole name, including the house in Ravenscourt Park. The Ravenscourt Park property was put into my name in January. I want to move. I understand that there is a CML 6 month 'rule', which means that my property ownership will be considered the same way as if I'd bought the property in January. Is the property unsalable for six months?
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 may be impacted by that. How practical a view mortgage companies take of it, depend on the lender as this provision chiefly exists to pick up on subsales or the flipping of properties.
My wife and I are in the process of looking at flats in Ravenscourt Park and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Coventry BS.
It would be wise to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are taking out a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
Yorkshire BS have agreed my mortgage in principle, my bid on a house in Ravenscourt Park has been agreed to, what happens next?
Your estate agent will want to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s panel). Telephone Yorkshire BS or the financial adviser and complete any appropriate documentation. Yorkshire BS will instruct a valuer who will get in touch with the selling agent or vendor to book a time for the valuation to take place. Once carried out (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Ravenscourt Park.
Do commercial conveyancing searches disclose proposed roadworks that may affect a commercial property in Ravenscourt Park?
Many commercial conveyancing solicitors in Ravenscourt Park will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Ravenscourt Park. The report provides definitive data 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 critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Ravenscourt Park commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Ravenscourt Park.
The deeds to our property can not be found. The lawyers who handled the conveyancing in Ravenscourt Park 4 years ago no longer exist. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer will be aware exactly where to find all the appropriate documentation so you may purchase or dispose of your property without any difficulty. Where copies are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities against possible claims on your premises.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Ravenscourt Park is the location of the property. Can you offer any advice?
Flying freeholds in Ravenscourt Park are rare 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 very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ravenscourt Park may decide 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 am about to part with hundreds of thousands of pounds on a two bedroom apartment in Ravenscourt Park I wish to talk to a solicitor regarding theconveyancing before instructing the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you first talking to the conveyancer who will be doing your conveyancing in Ravenscourt Park.There is no ‘factory style conveyancing’ - each client is unique person, not a matter number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Ravenscourt Park should be the figure that you are charged.
What if there is an issue with the searches conducted as part of my conveyancing in Ravenscourt Park?
Normally, most problems that arise in Ravenscourt Park conveyancing search responses can be handled ahead of completion or title insurance could possibly be taken. You should note that even though you are buying the property and might be content to live with the search results, your lender may not, and when all said and done they have the final say.