My wife and I are about to complete buying a property in Rochester but as a result of wreckage from the recent storms I have was able negotiate compensation from the vendor in the sum of six thousand pounds by way of a reduction in the price. This was going to be addressed as part of a side agreement but Yorkshire BS will not agree to this. Why were they notified?
The lawyer being on a Yorkshire BS approved list is duty bound to advise Yorkshire BS of any variations to the sale price. If you were to refuse your lawyer to disclose the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new lawyer for your conveyancing in Rochester.
I have been told that property searches are the primary reason for stalling in Rochester conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Rochester.
I used Action Conveyancing a few years ago for my conveyancing in Rochester. 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 Rochester of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in Rochester benefiting from help to buy. The sellers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative told me not disclose to my lawyer about this deal as it will impact my loan 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 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, chain free conveyancing. Rochester is the location of the property. What do you suggest?
Flying freeholds in Rochester are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rochester you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rochester may determine 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 residence.
Hoping to buy a property located in Rochester and I am already nervous. I couldn't find anything specific about Rochester. Conveyancing will be needed in due course but do you know about the Rochester area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rochester. In the meantime here are some basic statistics that we found