I am the sole beneficiary of my late grandmother’s will and I have everything in my name now, including the my former home in South Oxhey. Conveyancing formalities meant that the Land Registry date was in August. I now wish to sell up. I understand that there is a CML 6 month 'rule', meaning my property ownership will be treated the same way as though I had purchased the property in August. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Some mortgage companies would take a practical view as this obligation is principally there to capture subsales or the wholesaling and assigning of property.
Two weeks ago we had a mortgage agreed in principle with Santander. South Oxhey conveyancing solicitors have been appointed. What is the average time that one could expect to receive a mortgage offer from Santander?
There is no definitive answer here. Have Santander conducted the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have decided to exercise my right to buy my property in South Oxhey off the council. I have a mortgage offer with Nationwide. 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 have 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 Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
How does conveyancing in South Oxhey differ for newly converted properties?
Most buyers of new build premises in South Oxhey contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in South Oxhey usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in South Oxhey or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 impact my business property in South Oxhey and how can your lawyers assist?
The particular law that you refer to provides protection to commercial leaseholders, giving them the dueness to apply to court for a renewal lease and continue in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. South Oxhey is one of our hundreds of areas of the UK in which the firms we work with are based
We're new to the buying process - had an offer accepted, but the selling agent has warned us that the vendor will only proceed if we appoint the agent's recommended solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer who is familiar with conveyancing in South Oxhey
It is highly unlikely the sellers are driving this. If they require ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you are going to appoint your preferred South Oxhey conveyancing firm - not the ones that will earn the negotiator at the agency a kickback or meet his conveyancing thresholds demanded by head office.
What type of premises does your South Oxhey conveyancing quotes relate to?
The quotes supplied are only applicable to standard domestic homes in England & Wales. Should you have any different requirements for instance industrial or agricultural property or commercial conveyancing in South Oxhey you should contact us to address this further .