It is is a decade since I acquired my house in Lee On The Solent. Conveyancing lawyers have recently been retained on the sale but I can't locate my title deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a possibility that the deeds will be kept by the lender or they may still be with the solicitor who oversaw the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. The vast majority of conveyancing in Lee On The Solent relates to registered property but in the rare situation where your property is not registered it is more tricky but is resolvable.
What will a local search tell me regarding the house I am buying in Lee On The Solent?
Lee On The Solent conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for example Xpress Legal The local search plays a central part in many a Lee On The Solent conveyancing purchase; as long as you don’t want any nasty surprises after you move into your property. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
The deeds to my property are lost. The lawyers who handled the conveyancing in Lee On The Solent 10 years ago no longer exist. What are my next steps?
You no longer need to have the physical deeds to establish that you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in Lee On The Solent differ for newly converted properties?
Most buyers of new build residence in Lee On The Solent contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Lee On The Solent usually buy 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 accustomed to new build conveyancing in Lee On The Solent or who has acted in the same development.
Is it possible to transfer to a new solicitor as I have to retain a firm on the Bank of Ireland conveyancing list. I instructed a family conveyancing solicitor in Lee On The Solent five minutes from me but she is not accepted by Bank of Ireland
It would be our pleasure to assist you find a conveyancing solicitor in Lee On The Solent on the Bank of Ireland panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Lee On The Solent. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Lee On The Solent.
I have just started marketing my ground floor apartment in Lee On The Solent. Conveyancing lawyers have not yet been instructed, however I have recently received a quarterly maintenance charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as you normally would as all rents and service invoices will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Lee On The Solent Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
-
Make sure you investigate if the the lease includes any adverse restrictions in the lease. For instance it is very common in Lee On The Solent leases that pets are not allowed in in a block in Lee On The Solent. If you love the flatin Lee On The Solent but your cat can’t live with you then you will be faced hard compromise. It would be sensible to find out as much as possible about the company managing the building as they will either make life much simpler or problematic. As the proprietor of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to practical issues like the tidiness of the common parts. Ask other people whether they are happy with them. In conclusion, find out the dates that the maintenance fees are due to the relevant party and precisely what it includes. You should be aware that where the lease has fewer than eighty years it will have adverse implications on the marketability of the apartment. Check with your mortgage company that they are content with the length of the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of what this would cost. Remember, in most cases you will be required to have been the owner of the premises for 24 months before you are eligible to extend the lease.