I am not in a position to travel far from Haggerston. I would like to know the reason why all Haggerston conveyancers aren't included on all bank panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or solicitor’s point of view, the other side of the coin is that lending institutions are increasingly anxious and regard it vital to protect them from mortgage fraud. As a result of this concern mortgage companies have restricted their conveyancing panel to a manageable size.
It is is a decade since I acquired my house in Haggerston. Conveyancing lawyers have now been instructed on the sale but I am unable to track down the deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be retained by the lender or they may still be with the conveyancers who oversaw the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in Haggerston involves registered property but in the rare situation where your home is not registered it adds to the complexity but is resolvable.
My bid for a property was accepted at auction in Haggerston. Conveyancing is required. What is next?
Given that you are now legally bound yourself to purchase you should retain a conveyancing solicitor as a matter of urgency as you now have a pending deadline in which to complete the deal. All auction property will have an associated legal set of papers. This will include evidence of title and search results. Where you are dealing with leasehold premises the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You should pass this on to the lawyer instructed by you at the earliest opportunity. Do make sure that that you have the requisite funding organised to complete on the on the contractual date .
My uncle informed me that in purchasing a property in Haggerston there may be various restrictions preventing external changes to the property. Is this right?
We are aware of a number of properties in Haggerston which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Haggerston should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I happen to be the only beneficiary of my late father’s estate and I have everything in my name alone, including the house in Haggerston. The Haggerston property was put into my name in March. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my property ownership could be considered the same way as though I had purchased the house in March. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How sensible a view lenders take of it, depend on the bank as this obligation principally exists to capture the purchase and immediately sell or the wholesaling and assigning of properties.
I own a semi-detached Edwardian property in Haggerston. Conveyancing solicitor represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for 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 Haggerston 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 question the position with your conveyancing lawyer who conducted the work.
Due to the guidance of my in-laws I had a survey completed on a house in Haggerston prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can investigate further 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 Haggerston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Haggerston to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Haggerston. I have stumble upon a site which appears to be the ideal answer If it is possible to get all the legals completed via email that would be ideal. Should I be concerned? What should out be looking out for?
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?