It is 10 years ago since I acquired my home in Beckton. Conveyancing solicitors have recently been retained on the sale but I am unable to find the title deeds. Is this a problem?
Don’t worry too much. Firstly there is a possibility that the deeds will be retained by the lender or they could be in the possession of the conveyancers who handled your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Beckton relates to registered property but in the rare situation where your property is not registered it is more problematic but is not insurmountable.
We're in Beckton, FTBs purchasing with a mortgage (lender is Virgin Money , and our solicitor is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Should commercial conveyancing searches reveal impending roadworks that may affect a commercial land in Beckton?
Many commercial conveyancing solicitors in Beckton will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Beckton. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Beckton.
For every commercial conveyancing transaction in Beckton it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Beckton commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Beckton.
My wife and I have a renovated Edwardian house in Beckton. Conveyancing solicitor represented me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Beckton and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who conducted the work.
How does conveyancing in Beckton differ for newly converted properties?
Most buyers of new build property in Beckton approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Beckton typically buy 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 conveyancing solicitors 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 Beckton or who has acted in the same development.
I'm remortgaging my existing home to a buy to let mortgage with Nottingham Building Society and intend to use the remaining equity towards a second house. The location we are talking about is Beckton. Will your solicitors be able to act for the two mortgage companies and tie in the transactions?
Do use our search tool on this page to check that the lawyers are on the appropriate lender panels. Assuming that they are your solicitor should be able to connect the two transactions but you should talk with you lawyer and make clear your desired outcome and needs.