Can conveyancing in Stanwell to be completed within 28 days?
Where you are under time constraints for your conveyancing we would recommend that your lawyer is familiar with the location as they will make use of local relationships and insight. It is possible that they would have handled previoushouses in the same neighbourhood. Therefore consider using a Stanwell conveyancing lawyer. In addition, check that the lawyer is on the lender panel. It is understood that nearly one in five of Stanwell conveyancing deals are held up or derailed after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. This can often result in the conveyancing being frustrated by an average of 21 days. It is understood that this issue impacts in the region of 100,000 home sales annually. Almost all Stanwell conveyancing firms can not act for certain mortgage companies so do check at the outset.
I purchased a freehold residence in Stanwell but still pay rent, why is this and what is this?
It is rare for properties in Stanwell and has limited impact for conveyancing in Stanwell but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Various online forums that I have frequented warn that are a common cause of obstruction in Stanwell conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Stanwell.
How does conveyancing in Stanwell differ for new build properties?
Most buyers of new build residence in Stanwell contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Stanwell typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Stanwell or who has acted in the same development.
Taking into account that I am about to spend hundreds of thousands of pounds on a house in Stanwell I wish to have a conversation with the solicitor regarding thehouse move ahead of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be carrying out your property ownership legalities in Stanwell.There is no ‘factory style conveyancing’ - every client is unique person, not a case reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Stanwell should be the amount on the final invoice that you are charged.
I acquired a house in Stanwell last 28/6/2024 and to date it is still not registered with HMLR. It was part of a development site and my solicitor told me that it may take twelve months to complete the registration formalities. I have spoken with HMLR directly and they have informed me the original application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your lawyer that you should contact in order to satisfy any issues which have arisen as part of the registration process for your Stanwell property. Normal Stanwell conveyancing practice includes an undertaking on the part of the previous owner’s lawyer that they will help resolve any registration raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.