AssumingI were to acquire a straightforward propertyin Ravenscourt Park for cash and have no survey and no local authority searches how much should I expect to to save on my conveyancing in Ravenscourt Park?
Any savings you would make would be limited to the Ravenscourt Park conveyancing searches. The solicitor is obliged to do the vast majority of work - money laundering, correspond with the sellers conveyancer, stamp duty submission, register the title etc. You might save a bit for them not having to register a charge however it will not be meaningful.
What happens if my lawyer’s firm is removed from the Nationwide Conveyancing panel ahead of completing my conveyancing in Ravenscourt Park?
The first thing to point out is that, 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.
My friend recommended that if I am buying in Ravenscourt Park I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Ravenscourt Park conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Ravenscourt Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Ravenscourt Park.
Are there restrictive covenants that are commonly identified during conveyancing in Ravenscourt Park?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Ravenscourt Park. 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…’
Due to the encouragement of my in-laws I had a survey completed on a property in Ravenscourt Park before appointing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders will refuse to grant a loan on such a house.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ravenscourt Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for purchase conveyancing in Ravenscourt Park. I have discover a web site which appears to be the perfect answer If there is a chance to get all formalities done via phone that would be preferable. Should I be concerned? 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?