It is is a decade since I purchased my home in Corsham. Conveyancing solicitors have recently been appointed on the sale but I am unable to locate my deeds. Is this a major issue?
You need not be too concerned. Firstly the deeds may be retained by the mortgage company or they could still be with the conveyancers who acted in your 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 solicitors acquiring current official copies of the land registers. Most conveyancing in Corsham involves registered property but in the rare situation where your property is not registered it is more tricky but is not insurmountable.
Me and my partner are purchasing a house in Corsham. I might seem paranoid but how we can trust a lawyer? On completion day we have to deposit our life savings into their account. What protection do we have from them run away with our money?
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.
I had a mortgage agreed in principle with Santander. Corsham conveyancing lawyers are selected. How long does it take for Santander to issue the offer to the conveyancer?
Some lenders take longer than others. Have Santander conducted the valuation? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am selling my flat. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Kent Reliance are being difficult. The Corsham solicitor who is on the Kent Reliance conveyancing panel is recommending indemnity insurance as a solution but Kent Reliance are requiring a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Me and my brother own a semi-detached Victorian property in Corsham. Conveyancing practitioner represented me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for 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 Corsham 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 purchasers. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Corsham I like with amenity areas and railway links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Corsham suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan that many years may be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
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At this site get a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Corsham. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you choose them for your conveyancing in Corsham
Back In 2006, I bought a leasehold house in Corsham. Conveyancing and Halifax mortgage organised. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Corsham who acted for me is not around. What should I do?
The first thing you should do is make enquiries of HMLR to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Corsham conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Corsham - Examples of Questions you should consider before Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? The prefered form of lease structure is a share of the freehold. In this arrangement the leaseholders enjoy being in charge if their destiny and even though a managing agent is often retained where the building is larger than a house conversion, the managing agent is directed by the tenants. If a Corsham lease has less than eighty years it will have adverse implications on the value of the apartment. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will most likely require a lease extension sooner rather than later and it is worth discovering how much this will be. Remember, in most cases you would be required to have owned the residence for 24 months in order to be legally able to carry out a lease extension.