It is 10 years ago since I acquired my property in Abbots Bromley. Conveyancing lawyers have now been instructed on the sale but I am unable to track down my title deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be retained by your mortgage company or they could be in the possession of the conveyancers who oversaw the purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Abbots Bromley relates to registered property but in the unlikely event that your home is unregistered it is more tricky but is resolvable.
My wife and I are purchasing a flat in Abbots Bromley. I might seem paranoid but how we can trust a solicitor? On completion day we will need to deposit our life savings into their account. What is the protection we have from them run away with our monies?
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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Abbots Bromley
There are many registered licenced Conveyancers in Abbots Bromley and Solicitor firms in Abbots Bromley offering conveyancing We would stress that both are regulated professionals specialising in the legal aspects of transferring property. They may both also handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am expecting a OIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Abbots Bromley solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Abbots Bromley solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I need some quick conveyancing in Abbots Bromley as I am faced with an ultimatum to sign on the dotted line in less than 3 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to have searches conducted although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Abbots Bromley the following are examples of what can crop up and adversely affect future saleability: Enforcement Actions, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I used Stirling Law a few years ago for my conveyancing in Abbots Bromley. Now, I need the documents however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Abbots Bromley of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey carried out on a house in Abbots Bromley ahead of appointing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend not issue a loan on this type of property.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Abbots Bromley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Abbots Bromley to see if the conveyancing costs will increase in light of this.
I am hoping to sign contracts shortly on a garden flat in Abbots Bromley. Conveyancing lawyers have said that they report fully on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Abbots Bromley should include some of the following:
-
The physical ownership of the property. This could be the flat itself but could also include a loft or basement if applicable. You should be informed what counts as a Nuisance as far as the lease is concerned You should know if the lease permits you to change or improve anything in the premises- you should be made aware as to whether any restrictions applies to all alterations or limited to structural alteration, and whether consent is mandated necessary Whether your lease provides for a slush fund? Responsibility to repair and maintain the main walls and foundations. It is important that you know who is responsible the repair and maintenance of all parts of the block and estate
I bought a ground floor flat in Abbots Bromley, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Abbots Bromley with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2076
With 50 years remaining on your lease the likely cost is going to range between £31,400 and £36,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.