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Selecting the right solicitor is the most important decision when it comes to your Rye conveyancing

Rye Conveyancing Statistics*

  • 1 Average Stamp Duty Payable for this year to date was £15,296
  • 2 Average time from start to completion was 62 days for conveyancing in Rye
  • 3 84% freehold and 16% leasehold conveyancing in Rye for this year to date
  • 4 September was the busiest month and August was the next busiest month while March was the least busiest month of the year for conveyancing in Rye
  • 5 Average Land Registry Fee for this year to date was £540

Examples of recent conveyancing in Rye since December 2023*

Recently asked questions about conveyancing in Rye

In what way does my ID and proof of funds have anything to do with my conveyancing in Rye? What am I being asked for?

To satisfy the Money Laundering Regulations any Rye conveyancing firm will require proof of identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.

Under Money Laundering Regulations, conveyancers are required to validate not simply the ID of conveyancing clients but also the origin of fund that they receive in respect of any matter. An unwillingness to disclose this will result in your conveyancer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers will have an obligation to inform the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.

My Solicitor in Rye has never been on on the Bank of Scotland Approved Panel. Can I still retain my prefered solicitor even though they are not on the Bank of Scotland approved list?

The limited options open to you here include:

  1. Carry on with your preferred Rye lawyers but Bank of Scotland will need to retain a solicitor on their list of acceptable firms. This will result in additional total legal fees as well as result in delays.
  2. Choose an alternative solicitor to act in the purchase, remembering to check they are Convince your lawyer to use their best endeavours to join the Bank of Scotland conveyancing panel

My wife and I are at the point of viewing houses in Rye and I am about to put in an offer. Should I already have a conveyancing practitioner in place at this stage? I am planning to take a home loan with Co-operative.

You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are getting a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.

I recently had an offer accepted on an apartment in Rye. My mortgage broker recommended their conveyancers. I paid an advanced payment of £200. A few days later, the solicitor called me sheepishly admitting that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

After shopping around on the internet I have found a Rye lawyer having made sure that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?

Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Rye surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.

Me and my brother purchased a 4 bedroom Georgian house in Rye. Conveyancing lawyer represented me and Halifax. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?

You need to assess the Freehold register you have again and check the Charges Register as there may be 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 Rye 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 mortgage companies. You can also enquire as to the position with your conveyancing solicitor who conducted the purchase.

My husband and I are novice buyers - had an offer accepted, yet the estate agent told us that the seller will only go ahead if we instruct the agent's recommended lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Rye

We suspect that the owner is not behind this request. Should the owner require ‘a quick sale', taking such a hostile approach to a genuine purchaser is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make the point that (a)you are motivated purchasers (b)you are ready to progress, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you are going to appoint your own,trusted Rye conveyancing firm - rather thanthe ones that will earn their negotiator at the agency a introducer fee or meet his conveyancing thresholds pre-set by senior management.

Can you provide any top tips for leasehold conveyancing in Rye with the intention of speeding up the sale process?

  • Much of the frustration in leasehold conveyancing in Rye can be avoided where you appoint lawyers the minute your agents start marketing the property and request that they start to collate the leasehold documentation needed by the purchasers’ conveyancers.
  • If there is a history of conflict with your freeholder or managing agents it is essential that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be warry about purchasing a property where there is a current dispute. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is better to present the dispute as historic as opposed to unresolved. If you hold a share in a the Management Company, you should make sure that you hold the original share document. Organising a duplicate share certificate is often a time consuming process and delays many a Rye home move. If a reissued share certificate is needed, do contact the company director and secretary or managing agents (if relevant) for this sooner rather than later. A minority of Rye leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers.

I purchased a garden flat in Rye, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Rye with a long lease are worth £165,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2102

With just 78 years unexpired the likely cost is going to range between £7,600 and £8,800 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.

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Typically, Rye conveyancing for a purchase has some of the following tasks

  • Taking instructions from the appropriate parties
  • Examining the title to the property
  • Ordering Rye searches with respect to the property
  • Assessing draft sale agreement and other papers received from the owner’s solicitor
  • Raising queries with the seller’s solicitor
  • Negotiating the purchase agreement
  • Analysing replies provided by the owner to pre-exchange enquiries
  • Negotiating the Transfer Deed for completion
  • Advising the buyer in respect of the loan offer: (if appropriate)
  • Drawing up and sending the buyer a report on title (that is; a breakdown of all findings on the property)
  • Proceeding to exchange of contracts and then completion formalities
  • Completing and submitting to HM Revenue and Customs the appropriate Land Tax forms and payment
  • Registering the change in ownership and the home loan (where applicable) at the HMLR.

Sale conveyancing in Rye almost always includes the following:

  • Obtaining instructions from the appropriate parties
  • Collating the documents evidencing the title to the property
  • Preparing contract and associated documents
  • Submitting draft papers to the conveyancer retained by the purchaser
  • Finalising the wording for contracts and answering further questions from the purchaser’s conveyancer
  • Finalising the transfer document
  • Replying to requisitions prepared by the purchaser’s conveyancer
  • Proceeding to exchange of contracts and then preparing for completion
  • Accepting the sale proceeds and wiring funds to the owner, the estate agent and other relevant parties (if appropriate)

Whether you are going through a divorce or breakup or simply wish to transfer your property to someone else, transfer of equity conveyancing in Rye has some of the following tasks:

  • Taking instructions from the appropriate parties
  • Collating the documents evidencing the title to the property
  • Following instructions from the mortgage company (where appropriate)
  • Negotiating the terms of the transaction
  • Drawing up Transfer or approving the Transfer deed
  • Negotiating amendments to the draft Transfer
  • Corresponding with parties concerning the Transfer
  • Agreeing and preparing for completion
  • Receiving and transferring funds to the appropriate parties
  • Completing and submitting to HMRC the correct SDLT forms and payment
  • Registering the new ownership and the mortgage (if relevant) at the Land Registry.

Neighboring Locations

Tenterden
Kingsnorth
Romney
Rye
Hastings
Winchelsea

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.