I am acquiring a house mortgage free in Gloucester. I have resided for the previous 15 years in Gloucester. Conveyancing searches are a lot of money. As I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Gloucester conveyancing searches are at your discretion. Your solicitor will 'advise', no-doubt strongly, that you should have searches done, but she has a professional duty 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 importance to your prospective buyer what the searches disclose. There are plenty of instances where properties with no practical issues can still throw up unpredicted search results. A good conveyancing solicitor in Gloucester will be able to give you some practical advice here.
I own a freehold residence in Gloucester yet charged rent, why is this and what is this?
It’s unusual for properties in Gloucester and has limited impact for conveyancing in Gloucester 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 establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
What happens if my solicitor is expelled from the TSB Conveyancing panel ahead of completing my conveyancing in Gloucester?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I require quick conveyancing in Gloucester as I have a deadline to exchange contracts inside one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to have searches carried out although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Gloucester the following are examples of what can arise and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
I used Action Conveyancing a few years ago for my conveyancing in Gloucester. I now require my papers however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Gloucester of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build flat in Gloucester. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Gloucester
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared.