I am buying a property mortgage free in Surrey. I have lived for the previous Seventeen years in Surrey. Conveyancing searches are expensive. Given that I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then almost all of the Surrey conveyancing searches are optional. Your solicitor will try and steer you, no-doubt strongly, that you should have searches carried out, but she is duty bound to do this. One thing to bear in mind; if you are likely to dispose of the house one day, it will be of interest to your future purchaser what the searches determine. Sometimes houses with day to day issues can still throw up unpredicted search results. A good conveyancing solicitor in Surrey will provide you some practical advice here.
I purchased a freehold house in Surrey yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Surrey and has limited impact for conveyancing in Surrey but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I am assisting my step-mother sell her flat in Surrey. Does the conveyancer commission an energy assessment or should I organise this?
After the demise of Home Packs, energy assessments was kept a compulsory part of selling a property. An energy assessment should be to hand before the property is advertised. This is not something that law firms normally organise. If you are instructing a Surrey conveyancing lawyer they may be willing to arrange energy assessments given their contacts with long established local providers
After much negotiation I have agreed a price on a house in Surrey. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £150. Soon after, the conveyancer contacted me sheepishly admitting that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Yorkshire BS have agreed my home loan in principle, my bid on a flat in Surrey has been agreed to, now what?
Your property agent will want to be advised as to your solicitor's details (make sure the property lawyers are on the lender’s approved list). Contact Yorkshire BS or your financial adviser and finalise any outstanding documentation. Yorkshire BS will appoint a valuer who will get in touch with the selling agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes approximately a fortnight to get a mortgage offer. Yorkshire BS will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Surrey.
I am buying a new build house in Surrey benefiting from help to buy. The builders refused to move on the amount so I negotiated £7000 of additionals instead. The sale representative told me not disclose to my conveyancer about the deal as it will affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
My partner and I have recently had an offer agreed on a flat and had meeting on Wednesday with Nationwide for the mortgage. They advised us that when it comes to selecting a solicitor that if they are not on their approved list of lawyers then we will have to pay out an extra charge of about two hundred pounds. This is is due to the fact that they will then have to select a conveyancer to act for them as well as the one we choose to act on our behalf and we will be on the hook for their invoice. I have asked Nationwide to supply me with a list so I can seek quotes only from their approved lawyers but was told that I need to check with each individual lawyer to see if they are on the panel. Is their an easier way of going about this?
You should ask Nationwide what their panel criteria is for a solicitor.Then ask the property lawyer of your choice whether they fit that criteria and have they acted on mortgages for Nationwide in the past. Where the answer to those is yes, then just double check with Nationwide. Alternatively please utilise our search facility and we may be able to find you a lawyer in Surrey on the panel for Nationwide.