We were about to instruct a conveyancing solicitor in Rutland recommended using your comparison tool but stumbled across some other estimates on the internet look less expensive – how come?
There are plenty of solicitors marketing what appear to be very low prices. You should think twice about how important this transaction is to you that you are willing to take 'cheap' risks over the quality of the conveyancing. Many of them highlight a cheap quote to tempt you but bury additional charges in the small print..
I have given 8 weeks notice to my existing landlord and must be out of my let out property in Rutland by 13/3/2025. Conveyancing for my house purchase has just started. Can I complete in 4 weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to provide notice on a rental until exchange of contracts has taken place. Assuming that you have not already done so, notify to your conveyancer and request that they chase the sellers side, try to get a realistic time scale from them that everyone will work to achieve
In what way does my ID and proof of funds have anything to do with my conveyancing in Rutland? Why is this being asked of me?
Rutland conveyancing solicitors and indeed property lawyers throughout the UK have a duty under money laundering regulations to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to supply two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Evidence of source of funds is also required in accordance with the money laundering regulations as conveyancers are mandated to investigate that the funds you are using to acquire a property (whether it be the deposit for exchange or the total purchase amount where you are buying mortgage free) has come from a reputable source (such as employment savings) and is not the product of criminal behaviour.
My stepmother informed me that in buying a property in Rutland there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Rutland which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Rutland should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I happen to be the single recipient of my late father’s will with all property in now in my sole name, including the house in Rutland. Conveyancing formalities meant that the Land Registry date was in December. I plan to dispose of the property. I do know about the CML 6 month 'rule', meaning my proprietorship will be treated the same way as if I'd bought the house in December. Will no one buy the property for half a year?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How practical a view lenders take of it, depend on the lender as this provision chiefly exists to identify the purchase and immediately sell or the wholesaling and assigning of properties.
Can I be sure that the Rutland conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Rutland getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your conveyancing.
About to purchase a new build flat in Rutland. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Rutland
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Rutland I like with amenity areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Rutland for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the shortness of the lease may be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.