It is 10 years ago since I purchased my property in Long Melford. Conveyancing solicitors have now been retained on the sale but I can't track down the title documents. Is this a major issue?
You need not be too concerned. Firstly the deeds may be kept by the mortgage company or they may be in the possession of the solicitor who oversaw your purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Almost all conveyancing in Long Melford involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
We are planning to buy with Norwich and Peterborough Building Society. I called into 3 or 4 local practices yet cant to find a Long Melford conveyancing firm on the Norwich and Peterborough Building Society panel. Could you help?
Please do take advantage of the search tool on this page. Please choose the mortgage company and type Long Melford or your preferred area and you will see numerous solicitors offices in Long Melford or by proximity to you.
We are purchasing a property in Long Melford. I might seem paranoid but how we can trust a lawyer? On completion day we have to deposit our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I just bought a flat at auction in Long Melford. Conveyancing is required. What happens now?
Given that you are now exchanged you now have to instruct a conveyancing lawyer soon as you are facing a tight a fixed date to complete the transaction. All auction property should have a bespoke auction pack. This will likely include most,if not all of the documents that your lawyer requires. In the case of leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You must hand this to the solicitor working for you as soon as possible. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
My stepmother pointed out to me me that in buying a property in Long Melford there may be various restrictions preventing external alterations to the property. Is this right?
We are aware of a number of properties in Long Melford which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Long Melford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a house and the conveyancer has mentioned Chancel Repair to which the property could be obligated to contribute to because it falls into the area of such a church. She has mentioned insurance. Is this really appropriate for conveyancing in Long Melford
Unless a prior purchase of the property completed post 12 October 2013 you may assume that conveyancing practitioners carrying out conveyancing in Long Melford to continue to propose a a chancel search and or chancel repair liability insurance.
Have purchased a a terraced house in Long Melford , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Long Melford conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Long Melford registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether there are errors and whether the Land registry have to notify any 3rd persons or bodies. At present approximately three quarters of submission are fully addressed within two weeks but occasionally there can be protracted delays. Registration takes place once the buyer is living at the premises so an expedited registration is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
Last September I purchased a leasehold flat in Long Melford. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Long Melford - A selection of Queries Prior to Purchasing
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The prefered form of lease arrangement is where the freehold interest is in the ownership of the leaseholders. In this arrangement the lessees have control and even though a managing agent is frequently retained if it is larger than a house conversion, the managing agent acts for the leaseholders themselves. You will want to find out as much as possible about the company managing the block as they will either make your life much simpler or problematic. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to daily matters like the tidiness of the communal areas. You should not be afraid to ask prospective neighbours what they think of them. In conclusion, find out the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what you get for your money.