My conveyancer has identified a defect with the lease for the property we are buying in Accrington. The seller’s lawyers have put forward title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must check that the mortgage company is happy with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. The appropriate lender provisions must be adhered to.
It is 10 years ago since I purchased my property in Accrington. Conveyancing lawyers have now been instructed on the sale but I am unable to find the title documents. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be with your lender or they may be in the possession of the conveyancers who acted in your purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Accrington involves registered property but in the rare situation where your home is not registered it is more tricky but is resolvable.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Accrington. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this allowed?
If you intend to refinance then Skipton will require that you use a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
What will a local search inform me regarding the house my wife and I buying in Accrington?
Accrington conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search plays a central part in most Accrington conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
How does conveyancing in Accrington differ for new build properties?
Most buyers of new build premises in Accrington come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Accrington usually buy 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 conveyancing solicitors 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 accustomed to new build conveyancing in Accrington or who has acted in the same development.
How easy is it to change firm as I have to select a firm on the Chelsea Building Society conveyancing panel. I instructed a local conveyancing solicitor in Accrington round the corner but she is not approved by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Accrington on the Chelsea Building Society panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Accrington. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Accrington.