My conveyancer has uncovered a a problem with the lease for the apartment we are buying in Horncastle. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the lender is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
A relative suggested that if I am purchasing in Horncastle I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Horncastle conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Horncastle around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Horncastle Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Horncastle Education with plans and statistics, Local Amenities and other useful information regarding Horncastle.
Despite weeks of looking the Title Certificate and documents to my house are lost. The conveyancers who did the conveyancing in Horncastle 4 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical original deeds to prove you own the land or property, as the Land Registry hold details of all registered land or property electronically.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, no chain conveyancing. Horncastle is the location of the property. Is there any guidance you can impart?
Flying freeholds in Horncastle are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Horncastle you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Horncastle may decide 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 residence.
I am looking into buying my first house which is in Horncastle and I am already nervous. I couldn't find anything specific about Horncastle. Conveyancing will be needed in due course but do you know about the Horncastle area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Horncastle. In the meantime here are some basic statistics that we found
I need to appoint a conveyancing solicitor for leasehold conveyancing in Horncastle. I've stumble upon a web site which appears to be the ideal offering If it is possible to get all formalities done via phone that would be ideal. Do I need to 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?