Is there a reason to use a Victoria conveyancing practice given that online conveyancers are less overpriced?
Its a good idea to contrast conveyancing costs in Victoria and you should seek a competitive estimate but don’t become consumed with looking for the cheapest Victoria conveyancer. Identifying the right conveyancer can mark the distinction between a smooth and a distressing house move. It is important that you ensure that you have expert advice from an experienced solicitor. Emails can't take the place of a telephone discussion and are no substitute for a face to face appointment. Our partner firms will allocate you a qualified and top rated conveyancing solicitor that will deal with your conveyancing from from the outset to completion, providing a level of continuity that you will never get with an online conveyancer. Our lawyers will contact you regularly to update you on headway and keep you informed. Should it ever be necessary to contact the firm you will know who you need to speak to and they will ensure you are kept fully informed.
All was ready to complete my purchase in Victoria next Monday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the bank expect the insurance to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook requirements. These requirements are not limited to conveyancing in Victoria.
I purchased a freehold property in Victoria but nevertheless charged rent, why is this and what is this?
It is rare for properties in Victoria and has limited impact for conveyancing in Victoria 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 have existed for many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I require fast conveyancing in Victoria as I have a deadline to sign on the dotted line in less than 2 weeks. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at liberty not to do searches although no law firm would recommend that you don't. With lots of history conveyancing in Victoria the following are examples of issues that can arise and adversely affect future mortgageability: Enforcement Actions, Overdue Charges, Outstanding Grants, Unadopted Roads,...
Me and my brother purchased a 4 bedroom Victorian house in Victoria. Conveyancing solicitor represented me and Santander. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Victoria and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who conducted the conveyancing.