My partner and I are acquiring our first home. The conveyancing practitioner has calledto enquire if we want to take out supplemental conveyancing searches. Frankly we are clueless as to what's necessary for conveyancing in Rayleigh
The number and type of Rayleigh conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the region and risks, your general approach to risk. What matters is that you properly appreciate what information the searches could supply. You may then make a decision if you consider that you need that search. If in doubt, ask the solicitor to advise.
My wife and I are buying a flat in Rayleigh. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have paid off my mortgage with Skipton. I assume I don't need a Rayleigh property lawyer on the Skipton panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I have finally had an offer on an apartment in Rayleigh accepted, the sellers do however have a connected purchase. The sellers have offered on a flat, but it’s not been accepted yet, and have viewings of other apartments booked. I have chosen a local conveyancing solicitor in Rayleigh. What do I do now? At what point do I apply for the mortgage with TSB?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then valuation, Rayleigh conveyancing search charges, etc). First, you should ensure that your conveyancer is on the TSB approved list. As to the subsequent stages this very much depends on the circumstances of your transaction, desire for this property and on the state of the market. During a rising market the majority of purchasers will apply for a home loan with TSB and pay for the valuation and only if it comes back ok would they pay their conveyancing practitioner to move forward with the conveyancing in Rayleigh.
I require expedited conveyancing in Rayleigh as I am faced with a deadline to sign on the dotted line inside one month. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Rayleigh the following are examples of issues that can crop up and therefore affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
My wife and I own a terraced Georgian house in Rayleigh. Conveyancing lawyer represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rayleigh and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing lawyer who carried out the work.
I'm purchasing my first flat in Rayleigh with a loan from Coventry Building Society. The developers would not budge the price so I negotiated 6k of extras instead. The estate agent suggested that I not to tell my solicitor about this deal as it would put at risk my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Is it simple use your search tool to locate a conveyancing solicitor in Rayleigh on the authorised to act for my bank?
First pick a lender such as National Westminster Bank, The Royal Bank of Scotland or Barclays Direct then type in your preferred area for example Rayleigh. Conveyancing firms in Rayleigh and beyond will then be listed.