It is 10 years ago since I bought my home in Belgravia. Conveyancing solicitors have now been appointed on the sale but I am unable to find the title documents. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a possibility that the deeds will be kept by your lender or they could stored with the lawyers who handled the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring up to date copy of the land registers. Almost all conveyancing in Belgravia involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
A colleague suggested that if I am purchasing in Belgravia I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Belgravia conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Belgravia around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Belgravia Education with plans and statistics, Local Amenities and other useful data concerning Belgravia.
Just bought a terraced house in Belgravia , What is the estimated time for the Land Registry to register my title? My Belgravia conveyancing solicitor has been painfully slow, so I want to be certain that my name is registered.
As far as conveyancing in Belgravia registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timeframes can vary subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any 3rd persons or bodies. Currently in the region of three quarters of submission are fully dealt with within two weeks but occasionally there can be extensive hold-ups. Historically registration is effected after the purchaser has moved in to the premises so post completion formalities is not usually top priority but where it is urgent that the the registration takes place urgently then you or your solicitor must speak with the land registry and explain the circumstances.
I am looking for a flat up to £245,000 and identified one round the corner in Belgravia I like with open areas and railway links nearby, however it's only got 51 years on the lease. I can't really find anything else in Belgravia suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage that many years will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
Is it possible to transfer to a new firm as I have to choose a firm on the Bank of Scotland conveyancing list. I hired a high street conveyancing solicitor in Belgravia round the corner but she is not approved by Bank of Scotland
It would be our pleasure to assist you select a conveyancing solicitor in Belgravia on the Bank of Scotland panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Belgravia. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Belgravia.
My son is embarking on her first house purchase, the home loan was agreed last week in principle. After the offer was accepted on apartment we rang the mortgage institution to progress the mortgage application. I was shocked to hear that mortgage companies do not accept all lawyer, they need to be on their approved list, is this legal?
Mortgage Companies normally imposes restrictions either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Belgravia conveyancer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.