Two weeks ago we had a mortgage agreed in principle with RBS. Tilbury conveyancing solicitors are selected. How long does it take for RBS to issue the offer to the conveyancing practitioner?
Some lenders take longer than others. Have RBS done the valuation? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We have agreed to purchase a house in Tilbury. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nottingham be concerned?
Given that your lender is Nottingham your lawyer must check the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to Nottingham where a lease does not meet these requirements. The specifications relate to the installation of panels on properties nationwide and is not limited to Tilbury.
After much negotiation I have agreed a price on an apartment in Tilbury. My financial adviser recommended their conveyancers. I paid an upfront payment of £175. Soon after, the conveyancer called me to say that they were not on the Clydesdale conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Clydesdale panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Do commercial conveyancing searches disclose proposed roadworks that may impact a commercial property in Tilbury?
Its becoming the norm that commercial conveyancing solicitors in Tilbury will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Tilbury. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Tilbury.
For every commercial conveyancing transaction in Tilbury it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Tilbury commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Tilbury.
How does conveyancing in Tilbury differ for new build properties?
Most buyers of new build property in Tilbury come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Tilbury usually buy the land, 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 conveyancers 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 Tilbury or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Tilbury I like with amenity areas and transport links in the vicinity, however it's only got 51 years on the lease. There is not much else in Tilbury for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
Are there any apps to assist me to locate a Tilbury law firm on the Barnsley Building Society conveyancing panel? I drive a motor bike and am willing to travel upto 25miles to meet the lawyer.
You can use the tool on this page. Please choose the mortgage company and your location and you will see a number of Tilbury conveyancing lawyers locally. We have listed some Tilbury conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Barnsley Building Society approved list
Are there any distinct benefits to using a high street lawyer in Tilbury
Many purchasers and sellers in Tilbury choose a nearby high street conveyancer so that they can visit in the event that they have problems, and to sign documents without using the Royal Mail.
We would suggest that there exists a marginal benefit in opting for a property lawyer nearby to a house you are buying, due to the knowledge of the locality and potential local concerns - nevertheless this is moot. The majority of conveyancers are now online and could be anywhere in the world.