When will exchange of contracts occur in residential conveyancing in Rayleigh and am I required to attend the lawyers office?
Where you are local to our conveyancing solicitors in Rayleigh you are welcome to attend to sign documents. However, the firms we recommend supply countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you electronically. The signing of the sale agreement is not the important part. A signed contract is just a prerequisite for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Rayleigh)to be in the office at the appropriate time.
I just acquired a house at auction in Rayleigh. Conveyancing is needed. What happens now?
Now that you are for in every practical sense signed on the dotted line you must instruct a conveyancing lawyer quickly as you now have a tight a fixed date to complete the property. Every auction property should have a bespoke legal pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the legal papers may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You need to pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in place to complete the transaction on the set completion date.
We previously chose solicitors based in Rayleigh on the RBS solicitor panel. They have just billed me a separate fee for the legal aspects of the RBS mortgage. Is this an additional conveyancing fee specified by RBS?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your lawyer can charge a fee for this. The charge is not dictated by RBS but by your Rayleigh lawyer. Numerous firms on the RBS panel will charge ’dealing with mortgage’ fee and others do not.
I have a mortgage with Yorkshire BS for my property in Rayleigh. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Yorkshire BS?
You must advise Yorkshire BS prior to letting out your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. It may be that Yorkshire BS will allow you to rent 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 Yorkshire BS directly. It should not be necessary to do this via a Yorkshire BS conveyancing panel firm.
I have been told that property searches are the number one cause of stalling in Rayleigh house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Rayleigh.
Just had an offer accepted on a new build apartment in Rayleigh. 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.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Rayleigh
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision.
My cousin has urged me to appoint his lawyers for conveyancing in Rayleigh. Do I take his advice?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to get guidance from friends or family who have actually previously instructed the conveyancer that you are are thinking of instructing.
I have just started marketing my basement flat in Rayleigh.Conveyancing solicitors are to be appointed soon however I have just had a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is clear the maintenance contribution as normal given that all ground rent and service invoices will be apportionedon completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process