My wife and I are about to exchange on the purchase of a property in Taplow but as a result of damage from some water damage at the property I have managed to agree compensation from the seller in the sum of £3k taking the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process yet Yorkshire BS will not permit this. Why were they informed?
Your lawyer that is on a Yorkshire BS approved list is duty bound to disclose to Yorkshire BS of any amendments to the purchase price. If you prohibit your conveyancing practitioner to disclose the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new lawyer for your conveyancing in Taplow.
My solicitor has informed me that absentee landlord insurance is needed on my purchase. What is the level of cover for Taplow conveyancing?
The right level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between HSBC Bank and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such insurances.
I am the single beneficiary of my late grandmother’s will and I have everything in my name alone, including the my former home in Taplow. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the property in December. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Most lenders would take a sensible view as this obligation principally exists to pick up on subsales or the flipping of properties.
Last month we had a mortgage agreed in principle with Skipton. Taplow conveyancing solicitors have been selected. What is the average time that one could expect to receive a mortgage offer from Skipton?
There is no definitive answer here. Have Skipton completed the survey? Have you advised Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I used Stirling Law a few years ago for my conveyancing in Taplow. Now, I need the files but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Taplow of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Taplow I like with a park and railway links in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Taplow in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Hoping to buy a property located in Taplow and I am already nervous. I couldn't find anything specific about Taplow. Conveyancing will be needed in due course but do you know about the Taplow area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Taplow. In the meantime here are some basic statistics that we found
I am due to assess quotes for conveyancing in Taplow from various conveyancing practitioner and appoint one. Should I tell them to sit tight until I have found somewhere to acquire.
We suggest that you wait to get your property lawyer to open a file and order searches once the sales confirmation has been sent by the selling agent especially as Taplow conveyancing searches are a couple of hundred pounds.