It is 10 years ago since I acquired my house in Ilkeston. Conveyancing solicitors have recently been instructed on the sale but I can't locate my title deeds. Will this cause complications?
You need not be too concerned. First the deeds may be retained by your mortgage company or they may be in the possession of the solicitor who oversaw the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Most conveyancing in Ilkeston involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
We wanted to use a conveyancing solicitor in Ilkeston for our house purchase. Our broker informed us that our mortgage lenders Barclays won't deal with them. Surely this is unduly restrictive?
Pre- 2008 most banks had a different appetite for risk. Almost all Ilkeston conveyancing firms would have been on many mortgage company panels. The financial services regulator in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms about their operations and their employees as well as set certain criteria such a completing on a minimum amount of transactions. Many Ilkeston conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Ilkeston is amongst the thousands of areas where the solicitors we recommend are members of the panel for Barclays .
My wife and I own a 4 bedroom Georgian house in Ilkeston. Conveyancing lawyer acted for me and Nationwide Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ilkeston and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing lawyer who conducted the work.
How does conveyancing in Ilkeston differ for new build properties?
Most buyers of new build premises in Ilkeston approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Ilkeston tend to purchase 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 used to new build conveyancing in Ilkeston or who has acted in the same development.
I am selling my property. My former conveyancers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Ilkeston if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Ilkeston. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am just shy of a 10% deposit on my apartment purchase in Ilkeston , but I still want to proceed. What can I do?
You can agree a lower deposit. Many property owners will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second