I am considering applying for a RBS mortgage for purchase of a newly converted (under development) in Sandhurst with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for RBS ?
In theory, you could use a solicitor that is not on the RBS conveyancing panel, but RBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
It has been three months following my purchase conveyancing in Sandhurst concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 premises 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.
About to purchase a new build apartment in Sandhurst. 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 Sandhurst
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Sandhurst I like with open areas and railway links nearby, however it's only got 61 years on the lease. I can't really find anything else in Sandhurst for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years may be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
We are four weeks into a freehold purchase having been recommend to conveyancers by the selling agent to do our conveyancing in Sandhurst. I am am very dissatisfied with the quality of service. Could you help me find new solicitors?
They would need to be really bad to suggest changing them. Has your mortgage offer been generated? In the event that it has you must make them aware of the new solicitor and ensure the loan are re-sent. Your new conveyancer needs to be on the banks approved list to avoid escalating fees and delays. That should be your starting point. Our find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Sandhurst