Recently been in touch with my conveyancing solicitor in Rumney who completed the legal work 18 months ago requesting a conveyancing costs illustration based on an identical type of house move (a leasehold residence and a freehold premises) of almost identical values with a mortgage from Platform Home Loans Ltd. It looks as though am now being quoted double. Stick with what I know or do I try and find an alternative conveyancer?
The charges seem a tad high. If you are happy to invest time scrutinising costs you could trim some of the expense by perhaps a hundred pounds. On the other hand, providing that you were content with the service the firm offered you maycome to regret choosing an a cheaper conveyancer. Don't forget to check the firm can also act for Platform Home Loans Ltd. Do make use of our search tool to get a quote a Rumney conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Rumney.
When will exchange of contracts happen for residential conveyancing in Rumney and do I need to attend the conveyancers office?
If you are local to our conveyancing solicitors in Rumney you are invited in to sign contracts. That being said, the lender approved solicitors we work with offer a national conveyancing service and provide as equally comprehensive and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. A signed contract is necessary for the conveyancer to officially exchange at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Rumney)to be in the office available at the end of the phone to exchange contracts.
My wife and I own a terraced Georgian property in Rumney. Conveyancing solicitor represented me and Virgin Money. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
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 Rumney and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing solicitor who completed the work.
How does conveyancing in Rumney differ for new build properties?
Most buyers of new build residence in Rumney approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because builders in Rumney usually acquire 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 used to new build conveyancing in Rumney or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Rumney is the location of the property. What do you suggest?
Flying freeholds in Rumney are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Rumney you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rumney 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 residence.
I am in need of some leasehold conveyancing in Rumney. Before I get started I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Rumney - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Rumney - A selection of Questions you should ask Prior to buying
How many of the leaseholders are in arrears for their maintenance charge payments? On the whole the outlay for major works are not included within service charges, although a few managing agents in Rumney require leaseholders to pay into a reserve fund and this is used to offset against major works. This information is useful as a) areas can result in problems in the block as the communal areas may begin to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the managing agents you will wish to have all the details