I am purchasing a property for cash in Petworth. I have lived for the last Seventeen years in Petworth. Conveyancing searches are expensive. As I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then almost all of the Petworth conveyancing searches are at your discretion. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches carried out, but she has a professional duty to do this. One thing to take into account; if you are going to sell the house one day, it could be of importance to your prospective purchaser what the searches determine. There are plenty of instances where premises with no practical issues can still throw up negative search results. A good conveyancing solicitor in Petworth should be able to give you some practical guidance concerning this.
I am the single beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Petworth. Conveyancing formalities meant that the Land Registry date was in July. I now wish to sell up. I understand that there is a CML 6 month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the property in July. Is the property unsalable for six months?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this provision is primarily there to identify the purchase and immediately sell or the wholesaling and assigning of properties.
I am purchasing a property in Petworth. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Santander be concerned?
As your lender is Santander your lawyer must check the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Santander. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Santander where a lease does not satisfy these conditions. The provisions relate to the installation of panels on properties countrywide and is not limited to Petworth.
Our offer on a detached house in Petworth has been agreed to, the sellers do nevertheless have a dependent purchase. The sellers have offered on a flat, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have chosen a nearby conveyancing solicitor in Petworth. What do I do now? When should I get the mortgage application with TSB going?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then survey, Petworth conveyancing search fees, etc). First, you should ensure that your lawyer is on the TSB conveyancing panel. As to the subsequent stages this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. In a rising market the majority of buyers would apply for the mortgage with TSB and pay for the valuation and only if it comes back ok would they ask their property lawyer to proceed with the conveyancing in Petworth.
I used Stirling Law several years ago for my conveyancing in Petworth. I now require my papers however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Petworth 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.
Just had an offer accepted on a new build flat in Petworth. 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.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Petworth
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Petworth I like with a park and station nearby, however it only has 52 remaining years left on the lease. There is not much else in Petworth suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I am looking to sell my property. My former solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Petworth if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Petworth. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.