It is 10 years ago since I bought my house in Southport. Conveyancing solicitors have now been appointed on the sale but I am unable to locate my deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be with the mortgage company or they could still be with the solicitor who handled the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in Southport relates to registered property but in the unlikely event that your property is unregistered it is more tricky but is not insurmountable.
The Southport conveyancing lawyers that I appointed last week on my house acquisition in Southport have suddenly closed. I only went with them because I needed a lawyer on the Skipton conveyancing panel and my family Southport lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Skipton conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
I have been told that property searches are the main cause of hinderance in Southport conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Southport.
It has been 3 months following my purchase conveyancing in Southport completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 Southport differ for new build properties?
Most buyers of new build or newly converted property in Southport contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Southport usually acquire 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 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 used to new build conveyancing in Southport or who has acted in the same development.
Do online conveyancing organisations cover everything a high street Southport solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Southport?
If you choose an online conveyancer they will undertake all the work your Southport solicitor would cover.