Have just purchased a repossessed house at auction in Richmond. Conveyancing is necessary. What happens now?
Given that you are now legally bound yourself to purchase you must hire the services of a conveyancing lawyer soon as you will have a fast approaching a drop dead date to complete the transaction. An auction property should have an associated auction set of papers. This should include evidence of title and search results. If you have purchased leasehold premises the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You should pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are organised to complete on the on the contractual date .
is it true that all Richmond solicitor firms on the Principality conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Principality approved list of solicitors they would need to be governed by the SRA. The majority of banks do permit licenced conveyancers on their panel and in that case the firms would be overseen by the CLC.
We have agreed to purchase a house in Richmond. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Skipton be concerned?
As your lender is Skipton your lawyer must comply with the formal instructions contained in Part two of UK Finance Lenders’ Handbook for Skipton. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and solicitors are required to report to Skipton where a lease fails to satisfy these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not isolated to Richmond.
I used Stirling Law a few years past for my conveyancing in Richmond. I now require my papers however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Richmond of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Richmond with a loan from Leeds Building Society. The sellers would not budge the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not reveal to my solicitor about this side-deal as it will jeopardize my mortgage with Leeds Building Society. Do I keep my lawyer in the dark?.
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 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Richmond is the location of the property. Can you shed any light on this issue?
Flying freeholds in Richmond are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Richmond you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Richmond may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In what way can the Landlord & Tenant Act 1954 affect my business offices in Richmond and how can your lawyers assist?
The particular law that you refer to gives protection to commercial lessees, giving them the a statutory right to make a request to court for a continuation of occupancy 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 involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Richmond
Is it best to choose a Richmond conveyancing lawyer based in the area that I am hoping to buy? We have a good friend who can handle the legal formalities however his firm is located approximately 350kilometers away.
The primary upside of using a high street Richmond conveyancing firm is that you can attend the office to execute documents, hand in your identification documents and apply pressure on them if necessary. Having local Richmond know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were happy that should surpass using an unfamiliar Richmond conveyancing lawyer solely due to them being local.