I'm the only recipient of my late father’s will with all property in now in my sole name, including the my former home in Grange Park. The Grange Park property was put into my name in November. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership may be treated the same way as if I'd bought the house in November. Is the property unsalable for six months?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. Some banks would take a sensible view as this obligation is primarily there to capture subsales or the wholesaling and assigning of properties.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Grange Park bank branch on numerous occasions and was informed it wasn't an issue and they would lend. My Grange Park conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The conveyancing practitioner must comply with the CML Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Our sealed bid on a property in Grange Park has been accepted, but there is a chain. The owners have offered on a flat, but it’s not yet agreed to, and have viewings of other apartments booked. I have instructed a nearby conveyancing solicitor in Grange Park. What do I do now? At what stage should I apply for the mortgage with RBS?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then valuation, Grange Park conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the RBS approved list. Concerning the next steps this very much dictated by the uniqueness of your transaction, desire for the property and on the state of the market. During a buoyant market many home buyers would apply for a home loan with RBS and pay for the valuation and only if it was satisfactory would they pay their lawyer to proceed with the conveyancing in Grange Park.
I have been told that property searches are the main reason for obstruction in Grange Park conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Grange Park.
I am downsizing from my house. My past lawyers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Grange Park if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Grange Park. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
In my capacity as executor for the will of my uncle I am selling a property in Cardiff but I am based in Grange Park. My lawyer (who is 260 miles awayhas requested that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Grange Park to attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Grange Park based
Been searching for a property lawyer for freehold sale conveyancing in Grange Park. I'm selling, simple no mortgage to discharge, no rush, no onward purchase. Got a quote from a conveyancer for a thousand pounds excluding VAT which is a tad high considering its so straightforward. Can I pay less for conveyancing in Grange Park?
Considering it’s a sale only, £500 + VAT is likely to be about the best for sale conveyancing in Grange Park.