It is 10 years ago since I purchased my property in Henfield. Conveyancing solicitors have just been appointed on the sale but I am unable to locate my title documents. Will this cause complications?
You need not be too concerned. Firstly the deeds may be with the mortgage company or they may stored with the solicitor who oversaw your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in Henfield relates to registered property but in the unlikely event that your home is unregistered it is more problematic but is not insurmountable.
We hope to to purchase with Coventry BS. I visited a couple of high street firms but cant to find a Henfield conveyancing firm on the Coventry BS panel. Please you assist?
Please do take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type Henfield or your preferred area and you will see a number of lawyer offices in Henfield or near you.
My wife and I are purchasing a house in Henfield. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to deposit funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the single recipient of my late father’s will with all property in now in my sole name, including the house in Henfield. The Henfield property was put into my name in April. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership could be considered the same way as though I had purchased the property in April. Is the property unsalable for six months?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. How practical a view banks take of it, depend on the bank as this provision principally exists to capture subsales or the wholesaling and assigning of property.
Virgin Money have agreed my mortgage in principle, my offer on a house in Henfield has been accepted, now what?
Your estate agent will need to know who your solicitors are (ensure that the solicitors are on the bank’s approved list). Contact Virgin Money or the financial adviser and finish off any relevant paperwork. Virgin Money will sellect a valuer who will get in touch with the estate agent or owners to arrange a time for the valuation to happen. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Virgin Money will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Henfield.
three months have elapsed since my purchase conveyancing in Henfield completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Henfield with a loan from Santander. The builders would not budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent told me not reveal to my solicitor about this side-deal as it could put at risk my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Am I best advised to choose a Henfield conveyancing practitioner based in the location that I am hoping to buy? I have an old university friend who can handle the legal formalities but her office is over three hundred miles drive away.
The benefit of a local Henfield conveyancing firm is that you can drop in to execute paperwork, present your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were content that should trump using an unfamiliar Henfield conveyancing lawyer just because they are based in the area.