It is 10 years ago since I bought my house in Colyers. Conveyancing solicitors have just been instructed on the sale but I can't track down my title documents. Is this a problem?
You need not be too concerned. Firstly the deeds may be with your lender or they may be in the possession of the lawyers who handled your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Colyers relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
When researching consumer advice sites for a high-quality lawyer in Colyers, many post that I should look for a CQS assured lawyer. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in the legal transfer of properties, trusted by some of the UK's leading lenders. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Legal Ombudsman. The scheme does not cover licenced conveyancers. Colyers is one of the numerous areas of the UK where there are CQS lawyers.
Have purchased a a detached house in Colyers , What is the estimated time for the Land Registry to record my proprietorship? My Colyers conveyancing solicitor has been painfully slow, so I want to be sure the registration formalities are concluded.
There is nothing unique about conveyancing in Colyers registration formalities. Rather than based on location, timescales can vary according to the party submitting the application, whether there are errors and if the Land registry communicate with any 3rd parties. As of today approximately three quarters of such applications are completed in less than three weeks but some can be subject to longer hold-ups. Historically registration occurs after the new owner has moved in to the property thus 'speed' is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Colyers I like with amenity areas and station in the vicinity, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Colyers suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage that many years will be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I was pointed in your direction by a couple of local estate agents in Colyers to get a quote from a conveyancer on your site. What’s the financial inducement for Estate Agents to offer your lawyers ahead of another?
We refuse to give any financial incentive for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
We are 17 days into a freehold purchase having been recommend to a firm by the local agent to handle our conveyancing in Colyers. I am am starting to be disappointed with the level of service. Can you you assist me in finding new solicitors?
A lawyer would need to be really poor in order to consider replacing them. Has your loan offer been issued? If so you need to advise them of the new contact details and get the mortgage documents are issued to the new lawyers. Your new solicitor ideally needs to be on the lenders panel to avoid supplemental expenses and complications. That should be your first question of the new lawyers. The search tool should help you find a lender approved conveyancer for your conveyancing in Colyers