It is is a decade since I purchased my home in Richmond. Conveyancing solicitors have now been retained on the sale but I am unable to find my title documents. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by your lender or they could be in the possession of the solicitor who acted in your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Most conveyancing in Richmond involves registered property but in the rare situation where your property is not registered it is more tricky but is not insurmountable.
My Solicitor in Richmond is not listed on the Skipton Building Society Conveyancing Panel. Is it possible for me to retain my prefered solicitor even though they are not on the Skipton Building Society panel?
Your options are as follows:
- Carry on with your preferred Richmond solicitors but Skipton Building Society will need to retain a lawyer on their panel. This will result in additional overall legal fees as well as result in frustration.
- Choose an alternative solicitor to to deal with the conveyancing, remembering to check they are Convince your lawyer to use their best endeavours to join the Skipton Building Society conveyancing panel
A friend pointed out to me me that in purchasing a property in Richmond there could be various restrictions prohibiting external alterations to the property. Is this right?
There are a number of properties in Richmond which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Richmond should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Last month we had a mortgage agreed in principle with Nationwide. Richmond conveyancing solicitors have been selected. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the valuation? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have instructed a Richmond solicitor having made sure that they are on the HSBC conveyancing panel. Does my lawyer arrange the survey of the property?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Richmond surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I need to find a conveyancing solicitor for leasehold conveyancing in Richmond. I've land on a site which looks to be the perfect offering If it is possible to get all formalities completed via web that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have miscalculated my finances and am a few thousand pounds short a 10% deposit on my house purchase in Richmond , but I am keen proceed. What can I do?
One option is to try and agree a lower deposit. Most vendors will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute