I just bought a property at auction in Richmond. Conveyancing is necessary. What are my next steps?
Given that you have now exchanged you must instruct a conveyancing solicitor soon as you will have a pending deadline in which to complete the purchase. All auction property will ordinarily have a bespoke legal pack. This will likely include evidence of title and search results. Where you are dealing with leasehold property the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You should hand this to the conveyancer instructed by you ASAP. You also need to ensure that that you have the requisite funding in order to complete on the date specified in the contract.
Is it the case that all Richmond solicitor firms on the Coventry BS conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Coventry BS approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel and in that case the practice would be regulated by the CLC.
I am purchasing a property in Richmond. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
Given that you are obtaining a mortgage with Nationwide your lawyer must follow the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Nationwide. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Nationwide where a lease fails to meet these provisions. The conditions relate to the installation of panels on properties nationwide and is not restricted to Richmond.
I used Wolstenholmes several years ago for my conveyancing in Richmond. Now, I need my documents however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate 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 Richmond of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in Richmond with a mortgage from Accord Mortgages Ltd. The developers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not reveal to my solicitor about the extras as it would adversely affect 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.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, 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 where you use a solicitor outside Richmond you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Richmond 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.
How does the Landlord & Tenant Act 1954 affect my business property in Richmond and how can your lawyers assist?
The particular law that you refer to provides protection to business lessees, giving them the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Richmond
Should I use a Richmond conveyancing solicitor who is local to the property I am buying? An old friend can perform the legal formalities however they are based a couple of hundredkilometers away.
The primary upside of using a local Richmond conveyancing practice is that you can attend the office to execute documents, present your identification documents and pester them where appropriate. Having local Richmond know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were happy that should surpass using an unfamiliar Richmond conveyancing lawyer just because they are round the corner.