We're in Caversham Heights, First timers purchasing with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am helping my niece sell her flat in Caversham Heights. Does the conveyancing solicitor order the EPC or it is for me to see to?
After the abolition of Home Information Packs, energy assessments was retained a required component of moving house. An EPC should be commissioned before the property is advertised. This is not as aspect of the sale process that solicitors ordinarily arrange. If you are instructing a Caversham Heights conveyancing solicitor they might be willing to arrange energy performance certificates due to their relationships with reputable local accredited person
I just acquired a property at auction in Caversham Heights. Conveyancing is needed. What happens now?
Given that you have now exchanged you must choose a conveyancing solicitor as a matter of priority as you are faced with a tight a fixed date to complete the purchase. An auction property should have a bespoke auction set of papers. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the legal pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You should hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in place to complete on the date specified in the contract.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Caversham Heights property lawyer on the Skipton panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
It has been 2 months since my purchase conveyancing in Caversham Heights completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £195,000 and identified one close by in Caversham Heights I like with amenity areas and railway links in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Caversham Heights for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
How do I locate a Caversham Heights solicitor on the Lloyds TSB Bank conveyancing panel? I am a keen cyclist and am prepared to travel upto 25miles to meet the conveyancer.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Caversham Heights conveyancing lawyers based on proximity. We have listed some Caversham Heights conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Lloyds TSB Bank panel