I am under pressure from the mortgagee in possession of a property in Stockwell to complete within four weeks. What can I do to accelerate the legal process?
Where you are under time constraints for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will have local connections and know-how. It is even conceivable that they could have handled otherhouses in the same street. Therefore consider using a Stockwell conveyancing firm. Second, double check that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Stockwell conveyancing transactions are held up or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the buying process being delayed by as much as 21 days. It is claimed that this issue affects in the region of 100,000 home sales every year. Almost all Stockwell conveyancing firms can not act for certain mortgage companies so do check at the outset.
It is a dozen years since I acquired my home in Stockwell. Conveyancing lawyers have just been appointed on the sale but I am unable to track down my title documents. Is this a major issue?
You need not be too concerned. First the deeds may be with the lender or they could still be with the solicitor who acted in the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Most conveyancing in Stockwell relates to registered property but in the rare situation where your property is unregistered it adds to the complexity but is not insurmountable.
Are the BSA intent on creating a search tool with a view to to identify practices on the Loughborough BS conveyancing panel for example in Stockwell?
We would not expect to be advised of any plans on the part of the BSA to promote such a register.
I have todaydiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Stockwell for a purchase of a leasehold apartment 9 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stockwell conveyancing specialists.
About to purchase a new build flat in Stockwell. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Stockwell
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared.
I need to appoint a conveyancing solicitor for my conveyancing in Stockwell. I have chance upon a web site which looks to be the perfect offering If there is a chance to get all formalities completed via email that would be ideal. Should I be wary? 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?