We're in Houghton Regis, First timers purchasing with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am purchasing a property and the conveyancer has mentioned Chancel Repair for which the property may be obligated to pay because it falls into the area of such a church. She has mentioned insurance. Is this really required for conveyancing in Houghton Regis
Unless a prior purchase of the house took place after 12 October 2013 you may take it that conveyancing practitioners handling conveyancing in Houghton Regis to continue to advocate a chancel search and or insurance against a claim.
Just acquired a terraced house in Houghton Regis , how long should it take for the Land Registry to deal with the formalities evidencing my proprietorship? My Houghton Regis conveyancing solicitor works at snail pace, so I want to check the post completion formalities are dealt with.
As far as conveyancing in Houghton Regis is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any interested persons or bodies. Currently in the region of 80% of such applications are fully dealt with within two weeks but some can be subject to extensive hold-ups. Registration takes place after the buyer has moved in to the premises therefore an expedited registration is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Houghton Regis is the location of the property. Is there any guidance you can impart?
Flying freeholds in Houghton Regis 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 Houghton Regis you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Houghton Regis 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.
How does the Landlord & Tenant Act 1954 impact my business premises in Houghton Regis and how can your lawyers assist?
The 1954 Act affords a safeguard to commercial tenants, granting the right to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Houghton Regis
Our conveyancer in Houghton Regis has identified a defect with the lease for the apartment we are purchasing in Houghton Regis. The other side have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer has advised that as he is on the bank conveyancing panel he must ensure that the lender is happy with this solution. Are we the client or is the lender?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Houghton Regis conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. The appropriate lender requirements must be adhered to by the lender conveyancing panel who has to balance acting for you and the mortgage company