Is it realistic for conveyancing in Stapleton to be concluded in under 10 days?
Where the seller is applying pressure for your conveyancing it is highly recommended that your conveyancer is familiar with the location as they will have local contacts and knowledge. It is possible that they would have conducted otherhouses in the same road. Therefore consider using a Stapleton conveyancing lawyer. Second, double check that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Stapleton conveyancing deals are frustrated or derailed after finding out that a buyer’s conveyancer was not on their mortgage lender’s panel. This can often result in the transaction being held up by almost three weeks. It is estimated that this issue impacts in the region of one hundred thousand home moves every year. Almost all Stapleton conveyancing firms can not act for certain banks so do check at the outset.
I own a freehold property in Stapleton yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Stapleton and has limited impact for conveyancing in Stapleton 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We wanted to use a property lawyer in Stapleton for our house purchase. Our broker has since advised us that our mortgage lenders Britannia won't deal with them. Surely this is unfair competition?
Mortgage Companies in the main restrict either the type or the amount of conveyancing practices on their approved list of lawyers. A common example of such criteria being that a firm must not be a sole practitioner. As well as restricting the type of firm, a few lenders have limited the amount of firms they permit to represent them. Be aware that Britannia have no responsibility for the quality of advice provided by any member of Britannia Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels a few years ago even though there remains mixed views about the level of solicitor engagement in some of that fraud. Statistics from the Land Registry indicate that thousands of law firms, including some in or near Stapleton only carry out one or two conveyances per annum.
I'm refinancing my current home to a buy to let mortgage with Barclays and I will use the ballance of the raised equity as a down payment on a second property. The location we are interested in is Stapleton. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Do use our search tool on this site to be sure that the solicitors are on the appropriate lender panels. On the basis that they are your conveyancer should be able to tie up the two conveyancing matters but you should talk with you solicitor and communicate your expectations and needs.
As co-executor for the estate of my grandmother I am disposing of a property in Cardiff but live in Stapleton. My lawyer (who is 260 miles awayrequires that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in Stapleton to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Stapleton based
I am soon to complete buying a property in Stapleton but as a consequence of damage from the recent storms I have agreed compensation from the owner of £3k in the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process but my mortgage company will not agree to this. Should they have been notified?
Your lawyer that is on a bank conveyancing panel is obliged to inform the bank of any changes to the purchase figure. In the event that you were to refuse your conveyancer to disclose the reduction to your mortgage company then they would have no choice but to discontinue representing you and the mortgage company.