My previous conveyancer has quoted £1150 for fixed fee conveyancing in Whitnash. I am hoping to sell a newly refurbished property for £225,000. Is this too much? Is it in excess of the average fee for conveyancing in Whitnash?
The costs illustration is slightly on the steep side. If you are content to expend time comparing prices you might trim some of the cost by say £125. On the other hand, you couldcome to regret opting for an an untested conveyancer. Remember to be sure the solicitor can act for your mortgage company. Do use our search tool to find a Whitnash conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Whitnash.
I own a freehold residence in Whitnash but still pay rent, why is this and what is this?
It is rare for properties in Whitnash and has limited impact for conveyancing in Whitnash 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I happen to be the only beneficiary of my late grandmother’s estate with all property in now in my sole name, including the my former home in Whitnash. Conveyancing formalities meant that the Land Registry date was in August. I want to move. I understand that there is a CML six month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the property in August. Will no one buy the property for half a year?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. How practical a view banks take of it, depend on the lender as this requirement is primarily there to identify the purchase and immediately sell or the flipping of property.
The mortgage over my property is with Coventry BS for my property in Whitnash. Conveyancing was finalised months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Coventry BS?
Coventry BS must be informed of your intention before letting out your property as this is likely to be a breach of Coventry BS’s mortgage conditions. It may be that Coventry BS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. You need not do this via a Coventry BS conveyancing panel lawyer.
Co-operative have agreed my home loan in principle, my bid on a house in Whitnash has been accepted, what happens next?
Your property agent will wish to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s panel). Call up Co-operative or the broker and complete any outstanding documentation. Co-operative will sellect a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about a fortnight to get a mortgage offer. Co-operative will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Whitnash.
What will a local search tell me regarding the property my wife and I buying in Whitnash?
Whitnash conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search is essential in every Whitnash conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I need to instruct a conveyancing practitioner in Whitnash for my remortgage. Is it possible to check a solicitor's record with the profession’s regulator?
Anyone can find documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes monitor call for training reasons.
My husband and I hope to buy our 1st house in Whitnash. Conveyancing solicitor has been chosen. The broker pointed out that a survey is not necessary as the property is just fifteen years old.
You would be well advised to undertake a Home Buyer's Report. As the property is more than 10 years old the property will be without a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report may suffice. The report should highlight any apparent problems and recommend additional investigation if relevant. Where there are any signs of problems obtain a comprehensive Building Survey from the beginning.