I can't travel far from Rawdon. What is the rationale as to why all Rawdon property lawyers are not on all mortgage company panels?
A decade ago most lenders demonstrated an attitude to risk which differs from the current day. The FSA in 2010 instigated a thematic review into fraud which in summary warned lenders: know the lawyers on your panel. As a result, mortgage companies have since requiredmore data from law firms about their processes and the individuals who work for them and set certain criteria such as completing a minimum volume of transactions. Many firms have been excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the minimum volume of transactions the mortgage companies insisted on.
Will lawyers ask for money on account when it comes to conveyancing in Rawdon?
Where you are retaining lawyers for conveyancing in Rawdon your solicitor will ask you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is payable against the purchase price then this should be asked for shortly prior to contracts are exchanged. The final balance that is needed should be transferred shortly before completion.
Various internet forums that I have visited warn that are the number one cause of delay in Rawdon conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Rawdon.
I am buying a new build apartment in Rawdon. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Rawdon
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Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Rawdon and how can you help?
The 1954 Act gives a safeguard to commercial leaseholders, giving them the legal entitlement to make a request to court for a renewal lease and remain in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Rawdon
The solicitors conducting our conveyancing in Rawdon has forwarded papers to review that reveal that the property is unregistered with epitome documents. Is it not the case that all properties in Rawdon are registered?
The majority of property in Rawdon is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Rawdon conveyancing solicitors will be familiar with such matters but if any uncertainty prevails the standard guidance these days appears to be for the vendor’s solicitor to register it first and then deal with the transfer to the buyer - this this chain of events will result in a significant delay.