It is is a decade since I bought my home in Rumney. Conveyancing solicitors have recently been retained on the sale but I can't locate my title documents. Is this a problem?
You need not be too concerned. Firstly there is a possibility that the deeds will be retained by your mortgage company or they could be in the possession of the lawyers who acted in your purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. The vast majority of conveyancing in Rumney involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
There are a variety of conveyancing solicitors in Rumney but how do I know who I should use?
Do not opt for the cheapest Rumney conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I have paid off my mortgage with Coventry BS. I assume I don't need a Rumney property lawyer on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Intending to buy a flat in Rumney. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Rumney conveyancing practitioner is on the Virgin Money conveyancing panel.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one round the corner in Rumney I like with open areas and transport links nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Rumney in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Hoping to buy a property located in Rumney and I am already nervous. I couldn't find anything specific about Rumney. Conveyancing will be needed in due course but do you know about the Rumney area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rumney. In the meantime here are some basic statistics that we found
My husband and I are first time buyers - had an offer accepted, but the selling agent informed us that the seller will only issue a contract if we appoint the agent's recommended conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Rumney
We suspect that the owner is not behind this demand. Should the seller want ‘a quick sale', taking such a hostile approach to a serious purchaser is not the way to achieve this. Contact the owners directly and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you will continue to use your preferred Rumney conveyancing solicitors - not the ones that will earn their estate agent a kickback or hit his conveyancing thresholds demanded by senior management.
There are plenty of houses in Rumney on unadopted roads. We are buying such a property. What would be the advantages and disadvantages of buying a property on a private road?
Rumney conveyancing practices are familiar with transacting propertieson private. Your property lawyer will review the Land Registry data to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that owners pay into to maintain the road. If one exists, the road will likely be maintained and appear better than publicly owned.