The property market in Teddington is heating up. What can I do to speed up matters?
In the event that the seller is applying pressure to exchange it is advisable to make sure that your solicitor is familiar with the area as they will have local connections and know-how. It is possible that they could have transacted otherproperties in the same street. You would be best advised to use a Teddington conveyancing lawyer. In addition, check that the lawyer is on the member panel. It is estimated that 18% of Teddington conveyancing transactions are suspended or jeopardised after finding out that a buyer’s solicitor was not on their banks list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being delayed by as much as 21 days. It is believed that this issue impacts approximately one hundred thousand home sales annually. Almost all Teddington conveyancing practices can not represent certain lenders so do check as early as possible.
I am the registered owner of a freehold property in Teddington yet pay rent, why is this and what is this?
It is rare for properties in Teddington and has limited impact for conveyancing in Teddington but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am assisting my mother sell her property in Teddington. Does the conveyancer order the EPC or do I organise this?
Following the demise of HIPs, energy assessments was maintained a required component of moving house. An energy performance certificate must be to hand before the property is put on the market. It is not as aspect of the sale process that lawyers ordinarily organise. If you are using a Teddington conveyancing solicitor they might be willing to arrange energy performance certificates due to their relationships with reputable Teddington accredited person
My father informed me that in buying a property in Teddington there may be various restrictions preventing external alterations to a property. Is this right?
We are aware of anumerous of properties in Teddington which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Teddington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Planning on purchasing a maisonette in Teddington. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Teddington solicitor is on the Santander conveyancing panel.
The deeds to our home are lost. The conveyancers who handled the conveyancing in Teddington 10 years ago are no longer around. What do I do?
These day there are duplicates made of almost everything, and your lawyer should be aware exactly where to find all the suitable documentation so you may buy or sell your property without a hitch. Where duplicates can’t be located, your conveyancer can put in place insurance or indemnities protecting you against possible claims on the property.
I have been recommended by numerous estate agents in Teddington to locate a solicitor on your site. Is there a financial incentive for Estate Agents to recommend your lawyers rather than alternative conveyancing organisations?
We don’t give any referral fee for directing people our way. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are first time buyers - agreed a price, yet the agent has warned us that the owners will only go ahead if we instruct the agent's chosen conveyancers as they want a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Teddington
We suspect that the owner is unaware of this ultimatum. Should the vendor desire ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Avoid the agents and go straight to the owners and make sure they understand (a)you are genuine purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to use your own,trusted Teddington conveyancing solicitors - not the ones that will provide the negotiator at the agency a commission or achieve conveyancing thresholds pre-set by HQ.