We are acquiring a new build flat in Raynes Park and my conveyancer is telling me that she is duty bound to the bank to disclose incentives from the builder. I am under pressure to exchange and I have no desire to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My wife and I purchasing a terrace house in Raynes Park. Our aim is to carry out an extension to the side at the property.Will the conveyancing process involve checks to ascertain if these alterations are permitted?
Your conveyancer should check the registered title as conveyancing in Raynes Park will occasionally identify restrictions in the title deeds which prohibit certain alterations or require the permission of a 3rd party. Some extensions need local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I am being told by my conveyancer that flying freehold insurance is needed on my purchase. What is the level of cover for Raynes Park conveyancing?
The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Halifax and Skipton Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
When it comes to lenders such as Leeds Building Society, do Raynes Park solicitors incur a fee to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Do I need to take out insurance to cover chancel repairs when purchasing a house in Raynes Park?
Unless a previous purchase of the property completed after 12 October 2013 you may expect lawyers delivering conveyancing in Raynes Park to continue to propose a a chancel search and or chancel repair liability insurance.
I purchased a semi-detached Edwardian house in Raynes Park. Conveyancing practitioner acted for me and Barclays . I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Raynes Park and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing lawyer who conducted the work.
We are 3 weeks into a leasehold purchase having been directed to a firm by the selling agent to carry out the conveyancing in Raynes Park. We are not happy. Could you help me find new solicitors?
They would need to be very poor to suggest diss instructing them. Has your mortgage offer been sent? In the event that it has you must make them aware of the new contact details and ensure the loan are re-sent. The solicitor ideally should be on the lenders approved list to avoid escalating charges and delays. That should be your first question of the new conveyancers. Our search tool can help you find a bank approved lawyer for your home move in Raynes Park
What can I expect to pay for conveyancing in Raynes Park?
The amount you are levied for Raynes Park conveyancing costs may vary dramatically from company to company. Given these differences it especially critical for you to find this out before you instruct a lawyer. It is advisable to find three or four quotes.