The Rainham conveyancing solicitors that I recently instructed on my purchase in Rainham have without warning closed. They were on acting for me because I needed a firm on the Yorkshire BS conveyancing panel and my previous Rainham lawyer was not. I paid them funds in advance. What are my options?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
I got the keys to my apartment on 2 October and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Rainham advises it would be registered in a couple of weeks. Are transfers in Rainham uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Rainham registration formalities. Rather than based on location, timescales can adjust according to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. As of today in the region of three quarters of such applications are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration occurs after the buyer has moved in to the property thus post completion formalities is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Rainham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Rainham
Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
My husband and I are first time buyers - had an offer accepted, yet the agent advised that the seller will only issue a contract if we instruct the agent's recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Rainham
We suspect that the owner is unaware of this request. Should the seller require ‘a quick sale', turning down a motivated purchaser is going to damage their objectives. Speak to the owners direct and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you intend to use your preferred Rainham conveyancing firm - as opposed tothose that will earn their estate agent a kickback or hit his conveyancing targets set by HQ.
I am buying a maisonette mortgage free. My lawyer has been given with two separate evidence of photographic ID, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer acknowledging that the funds are in place and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Rainham conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.