It is a dozen years since I acquired my home in Flackwell Heath. Conveyancing solicitors have recently been retained on the sale but I can't find my deeds. Is this a major issue?
Don’t worry too much. First the deeds may be kept by your lender or they could be in the possession of the conveyancers who acted in your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in Flackwell Heath relates to registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
I have been told that property searches are the number one cause of hinderance in Flackwell Heath house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Flackwell Heath.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Flackwell Heath is where the house is located. Can you offer any guidance?
Flying freeholds in Flackwell Heath are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Flackwell Heath you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Flackwell Heath may ascertain 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 property.
I have been advised by three or four local estate agents in Flackwell Heath to choose a property lawyer using your seach tool. Is there a financial upside for Estate Agents to market your site over alternative conveyancing organisations?
We refuse to make any referral fee for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have been sourcing a conveyancing solicitor in Flackwell Heath for my house move. Is it possible to review a firm’s record with the legal regulator?
Anyone may review presented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA may monitor call for training purposes.
What makes a Flackwell Heath lease defective?
Leasehold conveyancing in Flackwell Heath is not unique. Most leases are drafted differently and drafting errors can result in certain provisions are wrong. The following missing provisions could result in a defective lease:
-
A duty to insure the building
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Skipton Building Society, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.
Leasehold Conveyancing in Flackwell Heath - A selection of Queries before buying
-
The majority of Flackwell Heath leasehold flats will be liable to pay a service bill for maintenance of the block set by the landlord. If you acquire the apartment you will have to meet this charge, normally in instalments during the year. This can be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all probability there will be a ground rent for you to pay yearly, this is usually not a significant figure, say about £50-£100 but you need to check it because on occasion it can be many hundreds of pounds. Is anyone aware of any major works in the near future that could add a premium to the service costs?