I have given 8 weeks notice to my current landlord and must be out of my rented property in Ravenscourt Park by the end of next month. Conveyancing on my purchase has just started. Is it possible to complete in three weeks as I wish to avoid having to move into short term accommodation?
It is unwise to serve notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, speak to your solicitor and request that they chase the owners solicitors, try to get a realistic time scale from them that all parties will aim to achieve
My husband and I wish to acquire a newly converted apartment in Ravenscourt Park with a residential mortgage from Bank of Ireland.We use our Ravenscourt Park conveyancing solicitor but Bank of Ireland advised that he's not on their approved list of member firms. we are left little option but to use a Bank of Ireland panel solicitor or retain our local solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage issued to you contains terms and conditions, one of which will be that lawyers will be on the Bank of Ireland approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Bank of Ireland
Are there restrictive covenants that are commonly picked up during conveyancing in Ravenscourt Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ravenscourt Park. 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…’
I am purchasing my first flat in Ravenscourt Park with the aid of help to buy. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not disclose to my solicitor about the side-deal as it will affect my mortgage with Skipton Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a property in Ravenscourt Park in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders will not issue a loan on such a property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ravenscourt Park. Conveyancing may be slightly more expensive based on your lender's requirements.