It is is a decade since I acquired my house in Northamptonshire. Conveyancing lawyers have recently been appointed on the sale but I am unable to find the title deeds. Is this a problem?
You need not be too concerned. First there is a possibility that the deeds will be retained by your mortgage company or they may stored with the conveyancers who oversaw the purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in Northamptonshire relates to registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
Have just purchased a repossessed house at auction in Northamptonshire. Conveyancing is needed. What happens now?
Having legally bound yourself to purchase you now have to appoint a conveyancing lawyer quickly as you now have a fast approaching a drop dead date to complete the deal. All auction property will ordinarily have an associated legal pack. This will likely include evidence of title and search results. Where you are dealing with leasehold property the conveyancing pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You should give this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that that you have the requisite funding in order to complete on the date specified in the contract.
My husband and I have organised the release of further funds on our home loan from Virgin Money as we want to conduct renovations to our home in Northamptonshire. Do we need to appoint a nearby Northamptonshire solicitor on the Virgin Money conveyancing panel to handle the legals?
Virgin Money do not ordinarily appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money conveyancing panel.
I have today made my last payment due on my mortgage with Kent Reliance. I assume I don't need a Northamptonshire lawyer on the Kent Reliance panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Kent Reliance mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Kent Reliance mortgage from the register. Kent Reliance, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Northamptonshire I like with amenity areas and station in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Northamptonshire for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I need to appoint a conveyancing solicitor for sale conveyancing in Northamptonshire. I have land on a web site which looks to be the perfect offering If there is a chance to get all formalities done via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Looking forward to exchange soon on a leasehold property in Northamptonshire. Conveyancing solicitors have said that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Northamptonshire should include some of the following:
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Repair and maintenance of the property You need to be advised what is to be regarded as a Nuisance as far as the lease is concerned Where does the liability rest to repair and maintain the building. It is important for you to know which party is duty bound to repair and maintenance of all parts of the block and communal areas Does the lease prevent you from subletting the flat, or having a home office for business Setting out your legal entitlements in relation to the communal areas in the block.For example, does the lease grant a right of way over an accessway or hallways?
Leasehold Conveyancing in Northamptonshire - Examples of Questions you should ask before Purchasing
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Its a good idea to discover as much as possible concerning the managing agents as they will either make your life much easier or problematic. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to day to day issues such as the upkeep of the communal areas. You should not be shy to ask other tenants what they think of them. Finally, investigate as to the dates that the maintenance charges are due to the managing agents and precisely what it includes. Where a Northamptonshire lease has less than 80 years it will have adverse implications on the value of the property. It is worth checking with your lender that they are content with remaining years on the lease. A short lease means that you will probably need a lease extension sooner rather than later and it is worth finding out how much this would cost. For most Northamptonshirelease extensions you would be be obliged to have been the owner of the property for two years in order to be eligible to extend the lease. Generally speaking the cost for major works tend not to be included within maintenance charges, although some managing agents in Northamptonshire require leasehold owners to pay into a sinking fund created for the specific purpose of building a fund for major works.
My parents are unable to locate their Northamptonshire land registry title on the site. They have a vague memory sixty years ago when they acquired the property there were complications with the address not being recognised in some systems.
The vast majority of residences in Northamptonshire should appear. Have you endevoured to search with simply the postcode. Ordinarily it should reveal all the properties within the postcode. Assuming the property is registered it will show up with a title number. If they bought back in the 70’s it's conceivable it may be unrecorded. The address could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s lender.