We note that you have a search directory identifying firms on the RBS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Richmond?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Richmond.
My Conveyancer in Richmond is not on the TSB Approved Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the TSB approved list?
The limited options available to you here include:
- Carry on with your existing Richmond solicitors but TSB will need to use a conveyancer on their panel. This will result in additional overall legal charges and cause frustration.
- Choose a new practitioner to act in the conveyancing, remembering to check they are on the TSB panel
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who handled the conveyancing in Richmond 10 years ago are no longer around. What are my next steps?
You no longer need to have the physical deeds to evidence that you are the owner of your registered land or premises, given that the Land Registry hold details of all registered land or property electronically.
I'm buying my first flat in Richmond with the aid of help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my solicitor about the extras as it would jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance 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.
I am looking at a couple of apartments in Richmond which have in the region of fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Richmond. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the value of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.
I am the registered owner of a garden flat in Richmond, conveyancing having been completed January 2012. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Richmond with an extended lease are worth £227,000. The ground rent is £50 yearly. The lease expires on 21st October 2098
With only 72 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
I need to review costs for conveyancing in Richmond from numerous conveyancer and choose one. Am I right to instruct them to sit tight until I I have my bid accepted on a house.
We suggest that you only get your lawyer to start work and order searches once the sales memorandum has been issued by the estate agent especially as Richmond conveyancing searches are a couple of hundred pounds.