It is a dozen years since I purchased my property in Lee. Conveyancing solicitors have now been retained on the sale but I can't locate my deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be kept by the mortgage company or they could still be with the conveyancers who acted in the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Most conveyancing in Lee involves registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a property in Lee? or I am told that there is an ancient law that could mean that owners of property living in a parish church boundary will be compelled to contribute towards maintenance towards the chancel in proximity to the church. Is this relevant for conveyancing in Lee?
Unless a prior acquisition of the property completed after 12 October 2013 you could take it that solicitors carrying out conveyancing in Lee to continue to recommend a chancel search and or insurance against a claim.
It has been 2 months following my purchase conveyancing in Lee concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Lee differ for new build properties?
Most buyers of new build residence in Lee contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Lee usually buy the real estate, 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 conveyancers 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 accustomed to new build conveyancing in Lee or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Lee prior to appointing lawyers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some banks may not issue a loan on this type of premises.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lee. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lee to see if the conveyancing costs will increase in light of this.
Is it true that a Lee conveyancing company got sued by a client for failing to conduct comprehensive conveyancing searches?
We are not aware of such a Lee conveyancing claim but it has been reported that, clients buying a home in Cumbria successfully sued their lawyer as a consequence of development permission to construct a wind farm not being picked up in conveyancing searches.
If you are contemplating buying a home in Lee It is essential that your conveyancing practitioner purchase all Lee conveyancing searches needed making sure that you have relevant and current information ahead of buying a home in Lee.