It is a dozen years since I acquired my property in Canvey Island. Conveyancing lawyers have recently been appointed on the sale but I am unable to track down the title deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be retained by your lender or they could be archived with the solicitor who acted in your purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Almost all conveyancing in Canvey Island involves registered property but in the unlikely event that your property is unregistered it is more of a problem but is not insurmountable.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a residence in Canvey Island? or I am told that there is a law dating back centuries that means some house owners residing in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this appropriate for conveyancing in Canvey Island?
Unless a previous purchase of the house took place after 12 October 2013 you can expect lawyers carrying out conveyancing in Canvey Island to remain encouraging a chancel search and or chancel repair liability policy.
It has been five months following my purchase conveyancing in Canvey Island concluded. I have checked the Land Registry site which shows that I paid £150,000 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 asset 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.
I have been on the look out for a flat up to £195,000 and identified one close by in Canvey Island I like with a park and transport links nearby, however it's only got 49 years on the lease. There is not much else in Canvey Island for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan that many years will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Is it possible to change conveyancer as I need to appoint one who is on the The Mortgage Works conveyancing list. I was using a family conveyancing solicitor in Canvey Island round the corner but the firm is not approved by The Mortgage Works
It would be our pleasure to help you find a conveyancing solicitor in Canvey Island on the The Mortgage Works panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Canvey Island. In making use of search facility on this page, you can contrast charges for conveyancing solicitors in Canvey Island and throughout England and Wales.
Is there a reason that Canvey Island conveyancing fees are more expensive for leasehold and freehold properties?
There is always more work involved for leasehold conveyancing. Canvey Island has many leasehold properties. There is more hours involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.