It is 10 years ago since I purchased my house in Beckton. Conveyancing lawyers have just been appointed on the sale but I can't track down my deeds. Will this jeopardise the sale?
Don’t worry too much. First the deeds may be retained by the lender or they could stored with the lawyers who acted in the purchase. Secondly in all probability 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 up to date copy of the land registers. Nearly all conveyancing in Beckton relates to registered property but in the unlikely event that your property is unregistered it is more problematic but is not insurmountable.
The Beckton conveyancing solicitors that I recently instructed on my purchase in Beckton have suddenly shut down. They were on acting for me because I needed a solicitor on the Nationwide conveyancing panel and my preferred Beckton lawyer was not. I wrote them a cheque for £250 in advance. What are my options?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nationwide conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
It has been five months following my purchase conveyancing in Beckton completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 premises 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.
How does conveyancing in Beckton differ for new build properties?
Most buyers of new build premises in Beckton approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Beckton typically purchase the land, 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 property lawyers 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 used to new build conveyancing in Beckton or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and identified one near me in Beckton I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Beckton in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage that many years may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I need to retain a conveyancing solicitor for residential conveyancing in Beckton. I happened to discover a site which seems to have the ideal answer If there is a chance to get all the legals completed via email that would be ideal. Should I be wary? What should out be looking out for?
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?