I have given 8 weeks notice to my existing landlord and have to leave my rented property in Watford by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in 4 weeks as don't want to have to find temporary accommodation?
Generally one should not provide notice for your lease unless your lawyer suggests that you should. If you have not already done so, update to your lawyer and ask them to they seek the assistance the sellers lawyers, try to get a realistic time scale from them that all parties will aim towards
If you had a top tip for selecting a conveyancing solicitor in Watford what would it be?
We would encourage you not to base your choice on the lowest Watford conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I happen to be the single beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Watford. The Watford property was put into my name in December. I want to move. I understand that there is a CML 6 month 'rule', meaning my property ownership will be treated the same way as though I had purchased the property in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view mortgage companies take of it, depend on the mortgage company as this clause principally exists to capture subsales or the wholesaling and assigning of properties.
I had an offer accepted on a house in Watford on 4/12/2024, valuation was booked 4 days later, all came back fine. Conveyancer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will our lawyer be making enquiries concerning flooding during the conveyancing in Watford.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Watford. There are those who acquire a house in Watford, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a various checks that can be undertaken by the purchaser or by their conveyancers which should figure out the risks in Watford. The conventional set of information supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual question of the vendor to determine whether the property has historically flooded. If flooding has previously occurred and is not notified by the seller, then a purchaser may bring a compensation claim as a result of such an incorrect response. The buyer’s conveyancers will also order an environmental report. This will reveal whether there is any known flood risk. If so, additional inquiries will need to be initiated.
I have justbecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Watford for a purchase of a freehold house 18 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The quickest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Watford conveyancing specialists.
How do I identify a Watford solicitor on the Barclays Direct conveyancing panel? I have wheels and am willing to travel upto 25miles to meet the lawyer.
You can use the tool on this website. Please select a lender and your location and you will see a number of Watford conveyancing lawyers located nearest you. We have detailed some Watford conveyancing firms towards the end of this page and you can telephone them to check if they are on the Barclays Direct approved list
I need to appoint a conveyancing solicitor for remortgage conveyancing in Watford. I've chance upon a site which looks to be the perfect solution If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?