Me and my partner are soon to exchange on the purchase of a house in Crowthorne but as a result of damage from a small fire at the property I have was able negotiate recompense from the current proprietors in the sum of £2k by way of a deduction in the price. This was going to be addressed as part of a side agreement yet Nationwide are not allowing this. Should they have been involved?
Your property lawyer that is on a Nationwide approved list is required to disclose to Nationwide of any variations to the sale price. If you prohibit your lawyer to notify the reduction to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new solicitor for your conveyancing in Crowthorne.
I am the registered owner of a freehold house in Crowthorne but still charged rent, why is this and what is this?
It’s unusual for properties in Crowthorne and has limited impact for conveyancing in Crowthorne 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 many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
The Crowthorne conveyancing lawyers that I recently instructed on my house acquisition in Crowthorne have without warning shut down. I chose them because I had to have a lawyer on the Virgin Money conveyancing panel and my previous Crowthorne lawyer was not. I issued them a cheque for two hundred pounds in advance. What do I do now?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
What is the difference between a licensed conveyancer and conveyancing solicitor in Crowthorne
There are many registered licenced Conveyancers in Crowthorne and Solicitor practices in Crowthorne who can assist with your conveyancing We would stress that the two are regulated professionals specialising in the legal work in transferring property. Both can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Forgive me if this question is silly but I am new to the home buying as FTB of a garden flat in Crowthorne. Do I collect the keys to the house on completion from my conveyancer? If this is the case, I will appoint a High Street conveyancing solicitor in Crowthorne?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be able to receive the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.
I have today made my last payment due on my mortgage with Kent Reliance. I assume I don't need a Crowthorne solicitor on the Kent Reliance panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Kent Reliance 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 Kent Reliance mortgage from the register. Kent Reliance, 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 Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
I need some quick conveyancing in Crowthorne as I have an ultimatum to sign on the dotted line inside one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are not getting a mortgage you are at liberty not to have searches carried out although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Crowthorne the following are instances of issues that can be revealed and therefore affect future saleability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
Is it best to go with a Crowthorne conveyancing solicitor based in the area that I am buying? We have a good friend who can execute the conveyancing but her office is 200miles away.
The primary upside of using a local Crowthorne conveyancing practice is that you can pop in to execute documents, deliver your ID and pester them where appropriate. Having local Crowthorne know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and the majority were happy that must trump using an unknown Crowthorne conveyancing lawyer solely due to them being based in the area.