Do I find a Licenced Conveyancer or Solicitor for conveyancing in Richmond?
There are many recorded licenced Conveyancers in Richmond and Solicitor firms in Richmond who provide Conveyancing services It is important to make clear that both are regulated professionals specialising in the legal aspects of transferring property. They may both also handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
My wife and I have organised the release of further monies on our mortgage from HSBC as we want to conduct renovations to our home in Richmond. Do we need to choose a bricks and mortar Richmond solicitor on the HSBC conveyancing panel to deal with the paperwork?
HSBC would not normally appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC panel.
Planning on purchasing a apartment in Richmond. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Richmond conveyancing practitioner is on the Nottingham conveyancing panel.
I'm buying my first flat in Richmond with a loan from The Royal Bank of Scotland. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my solicitor about the side-deal as it may jeopardize my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Richmond is where the house is located. Can you shed any light on this issue?
Flying freeholds in Richmond are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Richmond you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Richmond may ascertain 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.
We're FTB’s - had an offer accepted, but the estate agent has warned us that the vendor will only go ahead if we instruct the agent's chosen lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a local solicitor used to conveyancing in Richmond
It is improbable the owners are behind this. If they desire ‘a quick sale', turning down a genuine purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and explain that (a)you are genuine purchasers (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)but you are going to appoint your own,trusted Richmond conveyancing lawyers - not the ones that will earn the negotiator at the agency a referral fee or meet his conveyancing targets pre-set by HQ.
I've found a house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Richmond. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Richmond ?
Most houses in Richmond are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Richmond in which case you should be looking for a Richmond conveyancing practitioner and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor will appraise you on the various issues.
I bought a 1 bedroom flat in Richmond, conveyancing was carried out in 1996. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Richmond with an extended lease are worth £227,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2097
With 72 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
My partner and I have recently had an offer accepted on our first home in Richmond, and are about to get solicitors appointed. We have used the numerous rating tools and the fee estimates are from all across the country. Is it critical to have a Richmond lawyer local to the potential new home? We are happy to do everything over the internet, but I am thinking at some stage we will be required to visit the property lawyer's office to sign contracts?
The lawyer does not have to be in Richmond, but choosing local means that you have the option to visit their offices if you need to, for instance, if a signature is immediately necessary. Also, a Richmond solicitor have established relationships with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which should help keep things moving faster.