My wife and I have lately bought a property in Rogerstone. We have noticed several problems with the house which we believe were missed in the conveyancing searches. Do we have any recourse? What searches should? have been conducted for conveyancing in Rogerstone?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Rogerstone. Conveyancing searches and due diligence initiated during the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, the vendor fills in a document known as a Seller’s Property Information Form. answers ends up being incorrect, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Rogerstone.
We're in Rogerstone, FTBs buying with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I happen to be the only recipient of my late father’s will and I have everything in my name alone, including the my former home in Rogerstone. The Rogerstone property was put into my name in November. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship could be regarded the same way as though I had purchased the property in November. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. many lenders would take a pragmatic view as this clause principally exists to capture the purchase and immediately sell or the quick reselling of properties.
Does a directory service exist listing Santander panel conveyancers in Rogerstone on the Building Society Association’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings visible online. Where you are in need of a Rogerstone conveyancer on the Santander please use our tool.
I can not fathom if my bank requires a lease extension. I have called my Rogerstone bank branch on various occasions and was told it wasn't an issue and they will lend. My Rogerstone conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. I have no idea who is right.
Provided that the lawyer is on the bank approved list, they must adhere to the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender 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.
What can a local search tell me concerning the house we're buying in Rogerstone?
Rogerstone conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search plays an important role in many a Rogerstone conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
Are there restrictive covenants that are commonly identified as part of conveyancing in Rogerstone?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Rogerstone. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
There are numerous properties in Rogerstone on private roads. My wife and I are buying one such house. Are there any advantages to purchasing a residence on a private road?
Rogerstone conveyancing practices are used to conveyancing homeson unadopted roads. Your property lawyer will review the Land Registry data to find any rights or liabilities. It is possible that there is a management company (wholly owned by residents) that owners make annual payments for the upkeep of the road. If one exists, the road should be maintained and appear nicer than council adopted.