We were about to instruct a conveyancing solicitor in Rocester recommended using your search tool but have come across alternative quotes on the internet look cheaper – why is this?
There are hundreds of conveyancing companies advertising what appear to be very low prices. Our recommendation is to give due consideration as to how much you respect your own move to want to be penny wise pound foolish over the quality of the conveyancing. Many of them highlight a bargain fee to catch your eye but conceal extra fees in the fine print..
We are buying a brand new duplex in Rocester and my conveyancer is advising me that she has to the mortgage company to disclose incentives from the developer. I am on a tight deadline to exchange contracts and I don't want to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How does conveyancing in Rocester differ for newly converted properties?
Most buyers of new build residence in Rocester approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Rocester usually 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 conveyancing solicitors 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 accustomed to new build conveyancing in Rocester or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Rocester is where the house is located. Can you shed any light on this issue?
Flying freeholds in Rocester are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rocester 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 Rocester may decide 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 property.
I am looking into buying my first house which is in Rocester and I am already nervous. I couldn't find anything specific about Rocester. Conveyancing will be needed in due course but do you know about the Rocester area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rocester. In the meantime here are some basic statistics that we found
I own a leasehold house in Rocester. Conveyancing and Yorkshire Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Rocester who previously acted has now retired. What should I do?
The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Rocester conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Rocester - A selection of Questions you should consider before Purchasing
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Where a Rocester lease has less than 80 years it will have adverse implications on the value of the flat. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will most likely need a lease extension sooner rather than later and it is worth discovering how much this would cost. Remember, in most cases you will need to own the property for a couple of years in order to be eligible to carry out a lease extension. The majority of Rocester leasehold flats will be liable to pay a service charge for the upkeep of the building set on behalf of the landlord. If you purchase the apartment you will have to meet this liability, usually quarterly accross the year. This can vary from two or three hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent for you to pay annual, this is usually not a large figure, say around £50-£100 but you should to enquire as sometimes it could be prohibitively expensive. What is the annual service fee and ground rent?