We are soon to complete on the purchase of a property in Bourton on the Water but as a result of damage from a small fire at the property I have managed to agree reparation from the current proprietors in the sum of £2k taking the form of a reduction in the price. I had intended this to be addressed as part of a side agreement but Bank of Ireland are not allowing this. Should they have been involved?
Your conveyancer that is on the Bank of Ireland approved list is required to disclose to Bank of Ireland of any amendments to the purchase price. If you were to refuse your solicitor to notify the reduction to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancing practitioner for your conveyancing in Bourton on the Water.
It is 10 years ago since I bought my house in Bourton on the Water. Conveyancing solicitors have recently been instructed on the sale but I can't track down the deeds. Will this cause complications?
Don’t worry too much. Firstly there is a chance that the deeds will be kept by the mortgage company or they may be in the possession of the lawyers who handled your purchase. Secondly in all probability the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. The vast majority of conveyancing in Bourton on the Water involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
My home in Bourton on the Water is up for sale and I have accepted an offer. Will my conveyancing practitioner have to be on the Yorkshire BS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
Will commercial conveyancing searches disclose proposed roadworks that may impact a commercial premises in Bourton on the Water?
Its becoming the norm that commercial conveyancing solicitors in Bourton on the Water will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Bourton on the Water. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bourton on the Water.
For every commercial conveyancing transaction in Bourton on the Water it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Bourton on the Water commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Bourton on the Water.
I have justbeen informed that Stirling Law have been shut down. They carried out my conveyancing in Bourton on the Water for a purchase of a leasehold flat 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bourton on the Water conveyancing specialists.
My aim is to purchase a ground floor apartment in Bourton on the Water. Conveyancing solicitor has been waiting for, from the owner, building insurance paperwork. I was told today I was informed that the seller needs to forward the insurance documents for the flat above in addition. Why would my lawyer want to check the insurance for the flat above? Is it really required? We have been stalled for the previous fortnight…
It is not impossible in leasehold conveyancing in Bourton on the Water to find Conveyancing in Bourton on the Water in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats as opposed to the landlord insuring the whole block - which is clearly better. You should clarify with your lawyer but it would seem that your conveyancing practitioner is seeking to verify that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated as a result of lack of insurance cover.