I am in a contract race with another buyer for a property in East Molesey. What can I do to speed up matters?
In the event that you are under pressure to complete we would recommend that your lawyer is familiar with the location as they will benefit local contacts and insight. It is possible that they could have handled previoushomes in the same neighbourhood. Therefore consider using a East Molesey conveyancing lawyer. Second, double check that the lawyer is on the on the approved list for your mortgage company. It is claimed that 18% of East Molesey conveyancing transactions are delayed or derailed after discovering a buyer’s lawyer was not on their banks list of approved solicitors. This can often result in the home move being held up by almost three weeks. It is estimated that this issue affects approximately one hundred thousand home sales annually. Most East Molesey conveyancing practices can not act for certain lenders so do check as early as possible.
I own a freehold residence in East Molesey but still charged rent, why is this and what is this?
It is rare for properties in East Molesey and has limited impact for conveyancing in East Molesey 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 fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We're in East Molesey, First time buyers purchasing with a mortgage (lender is Nottingham , and our solicitor is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Are there restrictive covenants that are commonly picked up during conveyancing in East Molesey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in East Molesey. 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 opted to have a survey done on a house in East Molesey prior to instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some banks tend refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in East Molesey. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing lawyer in East Molesey for my remortgage. Is it possible to check a firm’s record with the profession’s regulator?
Anyone may search for presented Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator could monitor call for training reasons.