I have just been advised by my financial adviser that my Rufford solicitor is not on the mortgage company Solicitor panel. How can I be sure that this is correct?
The best course of action for you to take is to contact your Rufford conveyancer. You lawyer should inform you what has happened. Where they are not on the panel they may be able to suggest a Rufford conveyancing firm that is on the approved list of lawyers for your bank.
My son is buying a new build apartment in Rufford with a home loan from Nottingham. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My wife and I purchased a semi-detached Georgian property in Rufford. Conveyancing practitioner acted for me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rufford and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing practitioner who carried out the work.
How does conveyancing in Rufford differ for newly converted properties?
Most buyers of new build premises in Rufford come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Rufford typically buy the real estate, 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 conveyancers 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 Rufford or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Rufford ahead of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend refuse to grant a loan on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Rufford. Conveyancing may be slightly more expensive based on your lender's requirements.
I am thinking of appointing a conveyancing solicitor in Rufford for my house move. Is there any facility to see a solicitor's record with the profession’s regulator?
Anyone can review presented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator may recorded telephone calls for training requirements.