It is 10 years ago since I purchased my house in Buntingford. Conveyancing solicitors have recently been instructed on the sale but I am unable to find my deeds. Is this a major issue?
Don’t worry too much. Firstly the deeds may be with the lender or they may be in the possession of the conveyancers who handled your purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Buntingford involves registered property but in the unlikely event that your property is unregistered it is more of a problem but is resolvable.
How does conveyancing in Buntingford differ for newly converted properties?
Most buyers of new build property in Buntingford approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Buntingford usually acquire 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 accustomed to new build conveyancing in Buntingford or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Buntingford ahead of instructing conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some banks will refuse to grant a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Buntingford. Conveyancing will be smoother if you use a solicitor in Buntingford especially if they are acquainted with such properties in Buntingford.
Hoping to buy a property located in Buntingford and I am already nervous. I couldn't find anything specific about Buntingford. Conveyancing will be needed in due course but do you know about the Buntingford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Buntingford. In the meantime here are some basic statistics that we found
Last August I purchased a leasehold house in Buntingford. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Buntingford Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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Does the lease have onerous restrictions? How much is the ground rent and service charge? Be sure to investigate if the the lease contains any adverse restrictions in the lease. For instance it is fairly common in Buntingford leases that pets are not allowed in in a block in Buntingford. If you like the propertyin Buntingford yet your dog can’t live with you then you will be presented with a hard compromise.
Are you able to explain what options are open to me if my Buntingford conveyancing searches reveals adverse entries?
On the whole, the majority of adverse entries revealed in Buntingford conveyancing search results can be dealt with before completion or indemnity insurance could possibly be taken. You should remember that even though you are buying the property and may be willing to live with the search results, your lender may not, and ultimately have the final decision.