Would the conveyancing solicitors identified through your search tool execute auction conveyancing in Rumney?
There are a number of niche lawyers we can put you in touch with those specialising in auction conveyancing. Rumney is one of hundreds of areas of where our lawyers have offices.
We're in Rumney, FTBs buying with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
It has been five months since my purchase conveyancing in Rumney completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Rumney I like with amenity areas and station nearby, however it's only got 49 years unexpired on the lease. There is not much else in Rumney suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Expecting to complete next month on a basement flat in Rumney. Conveyancing solicitors inform me that they report fully on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Rumney should include some of the following:
Ground rent - what is payable and when is collected, and also know whether this is subject to change The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Your lawyers should enable you to have an understanding of the insurance provisions The physical extent of the demise. This will be the apartment itself but may include a loft or cellar if appropriate. What you can do if another leaseholder in the building breaches a clause of their lease?
Rumney Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
Make sure you discover if there are any onerous prohibitions in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Rumney. If you like the propertyin Rumney yet your cat is not allowed to make the move with you then you will be presented with a difficult decision. Are any of leasehold owners in dispute over their service charge payments? Are there any major works in the near future that could increase the service fees?
I have instructed a Rumney conveyancing solicitor for our home move (first time buyers) and have noticed in the engagement letter that they are not overseen by the Financial Conduct Authority. Should I be concerned or is that usually the case with conveyancing practitioner?
We can't see why they should be. Most solicitor don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who dictate strict obligations in relation to monies held by them.