I do hope you can help me. My West Drayton solicitor is advising me that she is duty bound toconduct West Drayton conveyancing searches due to the fact thatthe firm are on the HSBCsolicitor panel. These West Drayton checks cost a lot of money can this be avoided?
You have limited options available to you. Given that you are taking out a loan with a bank your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out West Drayton conveyancing searches.
I purchased a freehold property in West Drayton but still pay rent, why is this and what is this?
It’s unusual for properties in West Drayton and has limited impact for conveyancing in West Drayton 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of new 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 in 2037 will be extinguished.
My lender has recommended a law firm on their panel based in West Drayton but I would rather use a conveyancing lawyer in West Drayton or nearer to where I live. Are you able to help?
Far from all West Drayton conveyancing practices are approved and listed on all banks conveyancing panel. Use our search tool to choose a West Drayton conveyancing firm on the on the bank panel.
I completed on my apartment on 5 January and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in West Drayton expressed confidence that it would be registered in a couple of weeks. Are titles in West Drayton particularly slow to register?
There is nothing unique when it comes to conveyancing in West Drayton registration formalities. As opposed to being determined by geographic area, timeframes can vary according to the party submitting the application, whether there are errors and whether the Land registry have to notify any 3rd persons or bodies. As of today in the region of 80% of submission are completed in less than three weeks but occasionally there can be longer delays. Registration occurs once the purchaser is living at the premises therefore an expedited registration is not usually primary concern but if there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. West Drayton is where the house is located. Is there any guidance you can give?
Flying freeholds in West Drayton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Drayton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Drayton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm converting the mortgage on my primary house to a buy to let loan with Chelsea Building Society and I will use the ballance of the raised equity as a deposit on another property. The area we are interested in is West Drayton. Will your conveyancers be able to act for the two mortgage companies and tie in the two deals?
Make use of our search tool on this site to ensure that the lawyers are on the appropriate lender panels. Assuming that they are the lawyer should be able to tie up the two transactions but you should have a chat with you solicitor and communicate your desired outcome and requirements.