I am in a contract race with another prospective purchaser for a property in Redhill. What can be done to speed up the buying process?
Where the seller is applying a tight deadline for your conveyancing we would recommend that your conveyancer is familiar with the location as they will have local connections and knowledge. It is even conceivable that they would have handled previoushomes in the same neighbourhood. You would be best advised to use a Redhill conveyancing solicitor. In addition, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Redhill conveyancing deals are delayed or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the legal process being frustrated by almost three weeks. It is estimated that this issue impacts in the region of 100,000 home moves every year. Most Redhill conveyancing firms can not act for certain mortgage companies so do check as early as possible.
I have been recommended a conveyancing solicitor in Redhill. I I would like to check if they are on the The Royal Bank of Scotland approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should call your solicitor and enquire if they are on the lender panel. Alternatively you should get in touch with The Royal Bank of Scotland who may be able to help.
I am purchasing a 3 bedroom semi in Redhill. The intention is to convert the garage to an office at the house.Will the conveyancing process involve investigations to see if these works are allowed?
Your conveyancer will check the registered title as conveyancing in Redhill will sometimes reveal restrictions in the title deeds which prevent certain alterations or need the permission of a 3rd party. Certain works require local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
I am due to exchange contracts on my apartment. I had a double glazing fitted in December 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Virgin Money are being pedantic. The Redhill solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Nottingham have agreed my home loan in principle, my bid on a property in Redhill has been accepted, what are the next steps?
Your estate agent will need to know who your solicitors are (be sure the conveyancing practitioners are on the lender’s approved list). Telephone Nottingham or the financial adviser and finish off any appropriate paperwork. Nottingham will instruct a valuer who will get in touch with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes about a week to get a mortgage offer. Nottingham will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Redhill.
It has been 2 months following my purchase conveyancing in Redhill concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Redhill is where the house is located. Is there any advice you can give?
Flying freeholds in Redhill are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Redhill you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Redhill may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Sixweeks into a sale of a flat in Redhill. Conveyancing lawyers are doing their job but we have been asked to pay an extortionate amount by the freeholder. So far we have forked out £237 for a leasehold management information and then another £118 for answers to questions supplied by the purchaser's property lawyer.
You will not have control over the extent of the bill for this information but the average costs for the information for Redhill leasehold premises is £395. When it comes to Redhill conveyancing transactions it is standard for the vendor to cover the charges. The landlord or their agents are not duty bound to answer these questions most will be willing to do so - albeit often at high prices disproportionate to the work involved. Regretfully there is no statute that requires set charges for administrative tasks. There is no prescriptive time limit by which they are duty bound to supply the information.