We are about to exchange buying a property in Surbiton but as a result of wreckage from some water damage at the property I have managed to agree recompense from the owner of £2k taking the form of a reduction in the price. This was going to be dealt with as part of a side agreement but RBS will not permit this. Why were they notified?
Your solicitor that is on a RBS conveyancing panel is required to advise RBS of any variations to the sale price. If you prohibit your conveyancer to report the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new lawyer for your conveyancing in Surbiton.
Completed the sale of my flat in Surbiton last November but my buyer keeps whats apping every few hours complaining that his lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your disposal your lawyer is duty bound to send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also confirm that the mortgage has been paid off to the purchasers lawyers. There is unlikely to be post completion steps unique to conveyancing in Surbiton.
I am looking for a flat up to £195,000 and found one round the corner in Surbiton I like with open areas and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Surbiton in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Is it best to use a Surbiton conveyancing practitioner based in the location that I am buying? An old friend can handle the legal work however her office is a couple of hundredmiles away.
The primary upside of using a high street Surbiton conveyancing practice is that you can visit the firm to execute paperwork, present your ID and apply pressure on them if necessary. They will also have local intelligence which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and they were content that must trump using an unfamiliar Surbiton conveyancing solicitor solely due to them being local.
Do online conveyancing companies cover everything a high street Surbiton solicitor does or must I use a solicitor for the final stages for my conveyancing in Surbiton?
If you instruct an online conveyancer they will cover all the things your Surbiton conveyancer would cover.