It is is a decade since I purchased my house in Blandford Forum. Conveyancing lawyers have now been retained on the sale but I am unable to locate the title deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a chance that the deeds will be with the mortgage company or they may be in the possession of the conveyancers who acted in the purchase. Secondly the likelihood is that the land will be recorded 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 Blandford Forum involves registered property but in the unlikely event that your home is unregistered it is more of a problem but is resolvable.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Blandford Forum?
Its becoming the norm that commercial conveyancing solicitors in Blandford Forum will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Blandford Forum. The report 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 Blandford Forum.
For each commercial conveyancing transaction in Blandford Forum it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Blandford Forum commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Blandford Forum.
Just acquired a semi-detached house in Blandford Forum , What is the estimated time for the Land Registry to deal with the formalities evidencing my proprietorship? My Blandford Forum conveyancing solicitor works at snail pace, so I want to be sure the land registry aspects are addressed.
As far as conveyancing in Blandford Forum is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry have to notify any third parties. As of today in the region of 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Historically registration takes place after the new owner is living at the property so 'speed' is not usually top priority yet if there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
I'm buying my first flat in Blandford Forum with a loan from Coventry Building Society. The builders refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not reveal to my conveyancer about this deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a flat up to £305k and found one near me in Blandford Forum I like with amenity areas and transport links nearby, however it's only got 49 years on the lease. There is not much else in Blandford Forum for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Do I need to be wary by brokers that I am dealing with are encouraging me to use a nationwide conveyancing firm rather than a local Blandford Forum conveyancing practice?
As is the case with lots of professional services, often referrals from connections can be extremely useful or valuable. Yet there are many players in a conveyancing deal; estate agents, mortgage brokers and banks may put forward solicitors to select. On occasion these lawyers might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying commercial relationship behind the recommendation. You are at liberty to choose your own conveyancer. Don't forget that the majority of banks have an approved list of law firms you have to use for the lender related work in your conveyancing.