It is 10 years ago since I purchased my home in Aylestone. Conveyancing solicitors have just been instructed on the sale but I am unable to locate my title deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be with the lender or they may be in the possession of the lawyers who acted in the purchase. Secondly in all probability the title will be registered 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 Aylestone involves registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
Can you help - my lawyer says that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Aylestone?
The right level of flying freehold indemnity insurance depends on who your lender is. It would differ for example between Birmingham Midshires and The Royal Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such insurances.
I am buying a property in Aylestone. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
As you are obtaining a mortgage with Coventry BS your lawyer must check the conveyancing requirements contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and lawyers are required to report to Coventry BS where a lease fails to satisfy these requirements. The conditions relate to the installation of panels on properties countrywide and is not restricted to Aylestone.
I have today made my last payment due on my mortgage with Co-operative. I assume I don't need a Aylestone conveyancing practitioner on the Co-operative panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
How does conveyancing in Aylestone differ for newly converted properties?
Most buyers of new build or newly converted property in Aylestone contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Aylestone usually purchase the site, 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 Aylestone or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Aylestone is where the house is located. Is there any guidance you can give?
Flying freeholds in Aylestone are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Aylestone you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Aylestone may ascertain 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 residence.
I need to instruct a conveyancing solicitor for residential conveyancing in Aylestone. I happened to discover a web site which appears to be the perfect solution If it is possible to get all this stuff completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Frank (my husband) and I may need to rent out our Aylestone ground floor flat temporarily due to a new job. We instructed a Aylestone conveyancing practice in 2001 but they have closed and we did not have the foresight to get any advice as to whether the lease permits subletting. How do we find out?
Even though your last Aylestone conveyancing solicitor is not available you can check your lease to check if it allows you to sublet the premises. The accepted inference is that if the lease is silent, subletting is allowed. Quite often there is a prerequisite that you must obtain permission from your landlord or some other party in advance of subletting. The net result is that you cannot sublet in the absence of prior consent. Such consent must not not be unreasonably turned down. If your lease does not allow you to sublet you should ask your landlord for their consent.
Aylestone Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing
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Many Aylestone leasehold apartments will incur a service charge for the upkeep of the building invoiced by the management company. Should you acquire the flat you will have to pay this liability, normally in instalments throughout the year. This could be anything from a couple of hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met yearly, ordinarily this is not a exorbitant figure, say approximately £50-£100 but you should to enquire it because sometimes it can be many hundreds of pounds. How much is the ground rent and service charge? Is anyone aware of any major works on the horizon that will likely add a premium to the service fees?