It is a dozen years since I bought my home in Anerley. Conveyancing solicitors have recently been appointed on the sale but I am unable to locate my deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be kept by the lender or they could still be with the lawyers who oversaw your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Nearly all conveyancing in Anerley relates to registered property but in the unlikely event that your property is unregistered it is more of a problem but is resolvable.
Me and my partner are buying a flat in Anerley. I might seem paranoid but how we can trust a lawyer? At some point we will need to send 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.
My lawyer has informed me that defective lease insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Anerley?
The appropriate level of defective lease indemnity insurance should be dictated by who who your lender is. It would differ for example between Nationwide Building Society and Leeds Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
About to purchase house in Anerley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Anerley conveyancing practitioner is on the HSBC conveyancing panel.
What can a local search tell me about the house my wife and I buying in Anerley?
Anerley conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search is essential in every Anerley conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search will provide data on, amongst other things, details on planning applications applicable 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 13 topic sections.
Me and my brother have a renovated Edwardian property in Anerley. Conveyancing lawyer represented me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Anerley and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing solicitor who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Anerley is the location of the property. What do you suggest?
Flying freeholds in Anerley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Anerley you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Anerley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My friend mentioned that when choosing a conveyancing firm they need approved by your bank. I am a FTB but I have an AIP via Virgin Money and I already have a family conveyancing lawyer in Anerley on standby. Does Nat West Bank need an approved conveyancer to be instructed? Does a list of approved firms even exist for my conveyancing in Anerley?
You need to use a solicitor that is on the Nat West Bank panel. The simplest thing to do is telephone your chosen Anerley conveyancing solicitor and ask if they are on the Nat West Bank panel. If they are not on the panel you have a couple of options open to you here:
- Complete the purchase with your preferred Anerley lawyer but Nat West Bank will undoubtedly retain a conveyancer on their conveyancing panel. This will result in additional cost and potential interruption.
- Appoint a fresh property lawyer to conduct the conveyancing, not forgetting to check that they are on the Nat West Bank conveyancing panel.
- Convince your property lawyer to pull out all the stops to join the Nat West Bank panel of solicitors.