We hired a Reigate based lawyer for our conveyancing in Reigate yesterday. Looking through the terms of engagement I seewe are responsible for charges even where the transaction does not complete. Should I ditch them and appoint a web based solicitor practice promoting no completion no charge conveyancing in Reigate?
Generally there is a compromise along the lines that if "No Completion No Fee" is available then the fee levels will generally be higher to offset those cases that do not go ahead. Please beware that these schemes generally do not cover outlay by way of example Reigate conveyancing search costs.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Reigate so that I can pop in to their offices if necessary.
These days approved lawyers for lenders conduct all of the communications through the post, e-mail or over phone calls. This means that they can undertake the legal work for your home move regardless of where you live in England or Wales. However you can see if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
We are buying a property in Reigate. It might be a silly question but how we can trust a solicitor? On completion day we have to deposit our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are getting the release of further monies on our mortgage from Skipton as we want to conduct improvements to our property in Reigate. Are we obliged to choose a high street Reigate solicitor on the Skipton conveyancing panel to deal with the paperwork?
Skipton would not normally appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Skipton. Is it usual for Skipton to only issue the offer once my solicitor in Reigate is approved on their conveyancing panel? Skipton have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
A relative suggested that where I am purchasing in Reigate I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Reigate conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Reigate around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Reigate Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Reigate Education with maps and statistics, Local Amenities and other useful information concerning Reigate.
How does conveyancing in Reigate differ for new build properties?
Most buyers of new build residence in Reigate contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because developers in Reigate tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Reigate or who has acted in the same development.
Can you provide any top tips for leasehold conveyancing in Reigate from the perspective of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Reigate can be bypassed where you get in touch lawyers the minute your agents start marketing the property and request that they start to put together the leasehold documentation which will be required by the buyers’ representatives. If you have had any disputes with your landlord or managing agents it is essential that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is unresolved. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over rather than unresolved. A minority of Reigate leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. You believe that you know the number of years left on your lease but you should double-check by asking your solicitors. A purchaser's lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the remaining number of years is less than 75 years. In the circumstances it is important at an early stage that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale.
Reigate Leasehold Conveyancing - Examples of Queries before Purchasing
-
This information is important as a) areas may cause problems for the building as the common areas may start to deteriorate if maintenance remain unpaid b) if the tenants have an issue with the managing agents you will wish to have all the details What restrictions are there in the Reigate Lease? Be sure to enquire if there is anything that is prohibited in the lease. For instance it is reasonably common in Reigate leases that pets are not allowed in in a block in Reigate. If you love the flatin Reigate however your dog can’t make the move with you then you will be faced hard decision.