We are due to exchange on the purchase of a property in Pentre Halkyn but as a consequence of damage from a small fire at the property I have was able negotiate compensation from the owner in the sum of £2k in the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process but RBS are not allowing this. Why were they informed?
The conveyancing practitioner being on a RBS approved list is duty bound to inform RBS of any variations to the sale price. If you were to refuse your solicitor to notify the reduction to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Pentre Halkyn.
Why do I have to pay up front for my conveyancing in Pentre Halkyn?
Where you are retaining lawyers for conveyancing in Pentre Halkyn your lawyer will ask you to provide them with monies to cover the search fees. Generally this is requested to cover the fees of the Local Authority Search. When the down payment is as part of the sale price then this will be required immediately ahead of contracts are exchanged. The closing balance that is due should be transferred shortly before completion.
I require expedited conveyancing in Pentre Halkyn as I am under pressure to exchange contracts within one month. Fortunately I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are not taking a mortgage you are at free not to have searches carried out although no law firm would suggest that you don't. With lots of history conveyancing in Pentre Halkyn the following are examples of what can be revealed and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified during conveyancing in Pentre Halkyn?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Pentre Halkyn. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Why can't I complete our conveyancing in Pentre Halkyn on Good Friday?
This is due to the fact that on completion the money needs to pass between the banks of the purchaser and seller's solicitor and at present this can only happen on a business day. So you can't complete on a saturday or sunday either.