I plan on buying residence in Dronfield. My property lawyer has never been on on the mortgage company conveyancing panel. Am I still permitted to continue with my Dronfield conveyancing solicitor even though they are excluded from the mortgage company list of approved lawyers?
You must appoint a lawyer to deal with the formalities if you require a loan to purchase your home. They will carry out all the appropriate due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage paperwork is dealt with. One could instruct a Dronfield lawyer of your choice. However, where the conveyancer selected is not on the lender approved list additional costs will be incurred as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so where your solicitor has not previously sought membership they should do so.
I purchased a freehold property in Dronfield but still invoiced for rent, why is this and what is this?
It is rare for properties in Dronfield and has limited impact for conveyancing in Dronfield 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 new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Various online forums that I have come across warn that are the primary cause of delay in Dronfield house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Dronfield.
I have justfound out that Action Conveyancing have closed. They carried out my conveyancing in Dronfield for a purchase of a leasehold apartment 10 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dronfield conveyancing specialists.
How does conveyancing in Dronfield differ for new build properties?
Most buyers of new build premises in Dronfield contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Dronfield usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Dronfield or who has acted in the same development.
I need to instruct a conveyancing solicitor for my conveyancing in Dronfield. I've discover a site which seems to have the perfect offering If there is a chance to get all formalities completed via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?