It is a dozen years since I purchased my house in Fawley. Conveyancing lawyers have now been appointed on the sale but I am unable to locate my title documents. Is this a major issue?
You need not be too concerned. First the deeds may be with your lender or they may be in the possession of the solicitor who handled your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Almost all conveyancing in Fawley involves registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
My home in Fawley is up for sale and I have a buyer. Will my conveyancing practitioner need to be required to be on the Clydesdale conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Clydesdale 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 panel criteria fairly frequently at the moment.
I have recentlydiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Fawley for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest 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 Fawley conveyancing specialists.
How does conveyancing in Fawley differ for newly converted properties?
Most buyers of new build or newly converted property in Fawley come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Fawley typically buy the site, 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 conveyancing solicitors 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 Fawley or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Fawley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Fawley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fawley you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fawley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to instruct a conveyancing solicitor for some conveyancing in Fawley. I have stumble upon a web site which looks to be the ideal offering If there is a chance to get all the legals completed via email that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?