We are buying a new build flat in Rye and my solicitor is telling me that she is duty bound to the bank to reveal incentives from the developer. The Estate Agents are hassling me to exchange and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
It is 10 years ago since I bought my house in Rye. Conveyancing solicitors have recently been retained on the sale but I am unable to find the deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a possibility that the deeds will be kept by your lender or they could be archived with the lawyers who acted in your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining current official copies of the land registers. Most conveyancing in Rye relates to registered property but in the unlikely event that your property is unregistered it is more of a problem but is not insurmountable.
We're in Rye, FTBs purchasing with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer 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.
My wife and I purchasing a 4 bedroom semi-detached house in Rye. Our aim is to convert the garage to an office at the property.Will the conveyancing process include enquiries to ascertain if these works were previously refused?
Your conveyancer will review the deeds as conveyancing in Rye will on occasion reveal restrictions in the title deeds which prevent categories of changes or necessitated the permission of a 3rd party. Many additions need local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I was told four weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Rye is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
Having read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Rye solicitor - who is on the Principality conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Rye surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when buying a house in Rye? or I am told that there is a law dating back centuries that means some house owners residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this a legitimate concern for conveyancing in Rye?
Unless a prior acquisition of the house took place after 12 October 2013 you could expect solicitors delivering conveyancing in Rye to continue to advocate a chancel search and or insurance against a claim.
Hoping to buy a property located in Rye and I am already nervous. I couldn't find anything specific about Rye. Conveyancing will be needed in due course but do you know about the Rye area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rye. In the meantime here are some basic statistics that we found