I am acquiring a house mortgage free in Tower Hill. I have been residing for the last twelve years in Tower Hill. Conveyancing searches are a lot of money. As I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Tower Hill conveyancing searches are optional. Your conveyancer will 'advise', perhaps strongly, that you should have searches completed, but he is duty bound to do this. One thing to consider; if you are intend to sell the house at a future date, it will likely be be of importance to your prospective purchaser what the searches reveal. There are plenty of instances where premises with no practical issues can still throw up detrimental search results. A competent conveyancing solicitor in Tower Hill should be able to give you some helpful advice in this regard.
I am the only beneficiary of my late mum's estate and I have everything in my name now, including the house in Tower Hill. Conveyancing formalities meant that the Land Registry date was in August. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership could be treated the same way as if I'd bought the property in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. How sensible a view lenders take of it, depend on the bank as this obligation is chiefly there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
When it comes to lenders such as Principality, do Tower Hill lawyers have to pay a yearly amount to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I am currently in the process of buying my council flat in Tower Hill. I have a mortgage offer with Principality. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
Hoping to buy a property located in Tower Hill and I am already nervous. I couldn't find anything specific about Tower Hill. Conveyancing will be needed in due course but do you know about the Tower Hill area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Tower Hill. In the meantime here are some basic statistics that we found
As co-executor for the will of my grandmother I am disposing of a property in Neath but live in Tower Hill. My solicitor (based 260 kilometers from mehas requested that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Tower Hill who can witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Tower Hill based
Can you offer any advice when it comes to finding a Tower Hill conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Tower Hill conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Tower Hill conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
How many lease extensions has the firm carried out in Tower Hill in the last twenty four months? What are the charges for lease extension work?
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Tower Hill conveyancing firm to act on my behalf?
Most certainly. We can put you in touch with a Tower Hill conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Tower Hill residence is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired residue of the current lease was 107 years.
Are there any distinct advantages to choosing a high street lawyer in Tower Hill
Plenty of house movers in Tower Hill opt for a nearby high street property lawyer so that they can pop into the firm’s offices in the event that they have concerns, and to collect mortgage deeds rather than run the risk of relying on the Royal Mail.
There is a distinct edge in using a property lawyer local to the premises you are planning to purchase, due to the in-depth knowledge of the area and possible local issues - however this is debatable. Most conveyancers carry out their communications via email and could be anywhere in the world.