Is it possible for conveyancing in Rotherham to be concluded inside 10 days?
Where you are under a tight deadline for your conveyancing it is advisable to make sure that your conveyancer is familiar with the area as they will make use of local relationships and intelligence. It is possible that they may have transacted otherhomes in the same road. Therefore consider using a Rotherham conveyancing lawyer. Second, be sure that the lawyer is on the lender panel. It is estimated that nearly one in five of Rotherham conveyancing transactions are held up or derailed after finding out that a buyer’s conveyancer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being delayed by almost three weeks. It is said that this issue affects approximately one hundred thousand home sales annually. Almost all Rotherham conveyancing firms can not represent certain mortgage companies so do check as early as possible.
I am the sole beneficiary of my late father’s will and I have everything in my name alone, including the my former home in Rotherham. Conveyancing formalities meant that the Land Registry date was in July. I now wish to sell up. I do know about the CML six month 'rule', meaning my property ownership will be considered the same way as if I'd bought the property in July. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. How sensible a view lenders take of it, depend on the bank as this provision is principally there to pick up on subsales or the wholesaling and assigning of properties.
Is it the case that all Rotherham conveyancing solicitors on the RBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the RBS conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
I am currently in the process of buying my council flat in Rotherham. I have a mortgage agreed with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
It has been 2 months following my purchase conveyancing in Rotherham completed. I have checked the Land Registry website which shows that I paid £150,000 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.
What does commercial conveyancing in Rotherham cover?
Rotherham conveyancing for business premises covers a broad array of advice, offered by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
We're FTB’s - had an offer accepted, but the selling agent has warned us that the vendor will only go ahead if we appoint the agent's recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Rotherham
It is unlikely the sellers are behind this. Should the vendor want ‘a quick sale', alienating a serious purchaser is counter productive. Try to communicate with the sellers directly and make the point that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)however you intend to appoint your preferred Rotherham conveyancing solicitors - rather thanthose that will earn the estate agent a commission or meet his conveyancing figures pre-set by senior management.