When will exchange of contracts take place for domestic conveyancing in Woking and am I required to attend the solicitors branch?
If you are in close proximity to our conveyancing solicitors in Woking you are welcome to come in to sign the paperwork. That being said, the law practices we work with offer a nationwide conveyancing service and provide just as detailed and professional a job for you when dealing with you digitally. The signing of the contract is not the point of no return. A signed contract is necessary for the firm to exchange contracts at the suitable time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Woking)to be in the office at the appropriate time.
What is the difference between a licensed conveyancer and conveyancing solicitor in Woking
There are many registered licenced Conveyancers in Woking and Solicitor partnerships in Woking to choose from It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. Both can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am the only recipient of my late grandmother’s estate with all property in now in my sole name, including the my former home in Woking. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be regarded the same way as though I had purchased the property in December. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires 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 may be caught by that. Some banks would take a practical view as this provision principally exists to identify subsales or the flipping of property.
Completion of my remortgage has taken place for my property in Woking. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Are there restrictive covenants that are commonly identified during conveyancing in Woking?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Woking. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Woking benefiting from help to buy. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not disclose to my lawyer about the side-deal as it could jeopardize my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is there anything unique about your site and other internet conveyancing solicitors for conveyancing in Woking?
At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Woking. As opposed to estate agents and brokerage sites we do not operate commission deals with solicitors. Many agents and online brokers 'recommend' solicitors that pays the highest kickback, not the best value conveyancing in Woking
Last September I purchased a leasehold property in Woking. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a garden flat in Woking, conveyancing formalities finalised 7 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Woking with over 90 years remaining are worth £197,000. The ground rent is £55 invoiced annually. The lease finishes on 21st October 2081
With just 55 years remaining on your lease we estimate the premium for your lease extension to span between £31,400 and £36,200 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.