Is it realistic for conveyancing in Easthampstead to be concluded inside 3 weeks?
In a situation where you are under a tight deadline to exchange it is advisable to make sure that your conveyancer is familiar with the location as they will benefit local connections and know-how. It is even conceivable that they would have conducted previoushouses in the same street. Therefore consider using a Easthampstead conveyancing firm. Second, be sure that the lawyer is on the on the approved list for your mortgage company. It is believed that 18% of Easthampstead conveyancing deals are held up or derailed after discovering a purchaser’s conveyancer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the home move being held up by as much as 21 days. It is claimed that this issue affects approximately one hundred thousand home moves every year. Many Easthampstead conveyancing practices can not act for certain mortgage companies so do check at the outset.
Can I be sure that the Easthampstead conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Easthampstead seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer carrying out your conveyancing.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Easthampstead conveyancing practitioner on the Nationwide panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Easthampstead bank branch on numerous occasions and was told they are content with the situation and they will lend. My Easthampstead conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend based on their published requirements. I have no idea who is right.
The conveyancer has to comply with the CML Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
My wife and I own a 4 bedroom Edwardian house in Easthampstead. Conveyancing lawyer acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the exact same property. Is it worth asking Alliance & Leicester to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Easthampstead and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing solicitor who carried out the work.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one near me in Easthampstead I like with amenity areas and transport links nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Easthampstead for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
In my capacity as executor for the will of my uncle I am disposing of a house in Newport but live in Easthampstead. My lawyer (approximately 200 miles awayrequires that I sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Easthampstead to attest this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Easthampstead based
The property lawyers handling our conveyancing in Easthampstead has forwarded papers to review that reveal that the property is unregistered with epitome documents. Surely all properties in Easthampstead should be registered?
Although the vast majorities of properties in Easthampstead are now registered with HM Land Registry there are still some that remain unregistered. Any property in Easthampstead that has been remortgaged since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Easthampstead property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Easthampstead conveyancing practitioners will be familiar with this type of conveyancing but if any uncertainty prevails the conventional proposition presently is for the vendor’s solicitor to deal with the registration formalities first and thereafter sell - this will predictably cause a significant delay.