I am purchasing a house for cash in Clayhall. I have lived for the last 20 years in Clayhall. Conveyancing searches are exorbitant. Given that I have knowledge of the area and road very well must I have all the conveyancing searches?
Provided that you do not need a mortgage, then all but one or two of the Clayhall conveyancing searches are optional. Your solicitor will 'advise', perhaps strongly, that you should have searches completed, but she is duty bound to take that path of guidance. One thing to take into account; if you are intend to sell the house in the future, it will likely be be of relevance to your future buyer what the searches reveal. On occasion properties with day to day issues can still show up unpredicted search results. A competent conveyancing solicitor in Clayhall will be able to give you some practical advice here.
I am the registered owner of a freehold house in Clayhall yet charged rent, why is this and what is this?
It’s unusual for properties in Clayhall and has limited impact for conveyancing in Clayhall 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
What is the difference between a licensed conveyancer and conveyancing solicitor in Clayhall
There are many recorded licenced Conveyancers in Clayhall and Solicitor practices in Clayhall who can assist with your conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in transferring property. They may both also deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am currently in the process of buying my council flat in Clayhall. I have a mortgage offer with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
I currently have a mortgage with UBS for my property in Clayhall. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform UBS?
UBS must be informed of your intention in advance of letting out your property as this is likely to be a breach of UBS’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 UBS directly. You need not do this via a UBS conveyancing panel firm.
Will commercial conveyancing searches reveal impending roadworks that may affect a commercial property in Clayhall?
Its becoming the norm that commercial conveyancing solicitors in Clayhall will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Clayhall. The search result sets out definitive information 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 Clayhall.
For each commercial conveyancing transaction in Clayhall it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Clayhall commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Clayhall.
What makes your site different to alternative online quote calculators for conveyancing in Clayhall?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Clayhall. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your property ownership legalities in Clayhall
My nephew is just in the process of moving home, he had his mortgage in principle. When the seller agreed the offer on the flat we telephoned the mortgage institution to issue the formal offer. We were very surprised to discover that mortgage lenders do not accept all solicitor, they must be on their panel, is this correct?
Lenders normally restrict either the type or the number of conveyancing practices on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Clayhall conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.