We are planning to acquire a flat and require a conveyancing solicitor in Rocester who is on the RBS conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS . We don't recommend any particular firms conducting conveyancing in Rocester.
A colleague advised me that in purchasing a property in Rocester there could be a number of restrictions as to what one can do in terms of external changes to the property. Is this right?
We are aware of anumerous of properties in Rocester which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Rocester should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Rocester conveyancing solicitors on the Santander conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Santander conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some banks do list licenced conveyancers on their panel and in that case the organisation would be regulated by the Council of Licensed Conveyancers.
It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Rocester bank branch on numerous occasions and was told they are content with the situation and they would lend. My Rocester conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the solicitor is on the mortgage company panel, they must follow the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
It has been 4 months since my purchase conveyancing in Rocester completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Rocester differ for newly converted properties?
Most buyers of new build property in Rocester contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Rocester tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Rocester or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Rocester before appointing solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders will not grant a mortgage on a flying freehold property.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Rocester. Conveyancing may be slightly more expensive based on your lender's requirements.
I am purchasing a house with all finances in place. My solicitor has been given with 2 separate forms of photographic ID, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer advising that the funds are in order and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Rocester conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.