My partner and I have just purchased a property in Woodstock. We have since encountered a number of issues with the house which we believe were missed in the conveyancing searches. What action can we take? Can you clarify the type of searches that needed to have been carried out for conveyancing in Woodstock?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Woodstock. Conveyancing searches and investigations undertaken during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a property owner fills in a questionnaire called a Seller’s Property Information Form. answers proves to be inaccurate, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Woodstock.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Woodstock?
There are many recorded licenced Conveyancers in Woodstock and Solicitor partnerships in Woodstock offering conveyancing It is important to make clear that the two are regulated professionals specialising in the legal work in the home buying process. They may both also conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I have today made my last payment due on my mortgage with RBS. I assume I don't need a Woodstock lawyer on the RBS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
After much negotiation I have agreed a price on a house in Woodstock. My mortgage broker pressured me to appoint their lawyer. I paid an upfront payment of £150. A few days later, the conveyancer contacted me to say that they were not on the Nottingham 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 Nottingham 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.
I need some expedited conveyancing in Woodstock as I have pressure to sign on the dotted line within one month. Luckily I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Woodstock the following are instances of what can arise and adversely impact future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I am buying a new build apartment in Woodstock. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Woodstock
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared.
I'm remortgaging my existing house to a buy to let loan with Leeds Building Society and I will use the rest of the raised equity as a down payment on a second property. The location we are talking about is Woodstock. Will your solicitors be able to act for the two banks and link together the conveyances?
Make use of our comparison tool on this page to check that the solicitors are approved by both lenders. On the basis that they are the conveyancer should be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make clear your desired outcome and requirements.
Looking forward to complete next month on a studio apartment in Woodstock. Conveyancing lawyers inform me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Woodstock should include some of the following:
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Additions to the premises Defining your rights in respect of common areas in the block.By way of example, does the lease grant a right of way over a path or staircase? Where does the liability rest to repair and maintain the main walls and foundations. It is important that you know which party is duty bound to repair and maintenance of every part of the building Does the lease prevent you from subletting the property, or working from home if lease provides for a sinking fund?
Woodstock Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying
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The answer will be important as a) areas could result in problems for the block as the communal areas may begin to deteriorate where maintenance are not paid for b) if the tenants have an issue with the running of the building you will wish to have complete disclosure Plenty Woodstock leasehold flats will incur a service charge for maintenance of the block invoiced on behalf of the freeholder. If you purchase the apartment you will have to pay this contribution, usually periodically accross the year. This can be anything from several hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge to be met annual, this is usually not a large amount, say about £50-£100 but you need to enquire as occasionally it could be many hundreds of pounds. Best to be warned whether window replacement or some other major work is coming up to be shared between the leasehold owners and may well materially increase the the maintenance charges or necessitate a specific payment.