It is 10 years ago since I acquired my property in Lee. Conveyancing lawyers have now been instructed on the sale but I am unable to track down my title documents. Is this a problem?
Don’t worry too much. Firstly there is a chance that the deeds will be kept by the lender or they may still be with the lawyers who oversaw the purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Lee relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I have been told that property searches are a common reason for delay in Lee conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Lee.
I acquired my apartment on 6 January and the transaction details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Lee advises it would be registered in less than a month. Are properties in Lee particularly slow to register?
There is nothing unique when it comes to conveyancing in Lee registration formalities. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether it is in order and if the Land registry must send notices to any other persons or bodies. Currently roughly 80% of submission are completed within two weeks but some can be subject to extensive delays. Historically registration is effected once the purchaser is living at the property thus an expedited registration is not usually an essential issue yet if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.
About to purchase a new build apartment in Lee. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Lee
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan.
I opted to have a survey done on a house in Lee in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will refuse to grant a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you contact us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Lee. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lee to see if the conveyancing costs will increase in light of this.
My conveyancing in Lee is completing this Friday, but the couple I am buying from wants to vacate on the Saturday afternoon. Can I agree to such a idea?
In situations where you are having a mortgage then your conveyancing practitioner will require that you have vacant possession on Friday - the lending institution will demand it.