I plan on buying a maisonette in Downham. My Solicitor has never been on on the lender approved list. Can I still use my Downham conveyancing solicitor even though they are not on the bank panel of approved conveyancing solicitors?
You will need to instruct a lawyer to complete the legal work required if you need a loan to buy your home. The solicitor will carry out all the appropriate due diligence on the property, ensuring that you will be registered as proprietor and ensure that all the required mortgage paperwork is dealt with. You can instruct a Downham conveyancer of your choosing. Nevertheless, where the conveyancing practitioner appointed is not on the mortgage company conveyancing panel supplemental fees will be incurred as separate legal representation will be need by the lender. Lender panel applications can be submitted, so if your conveyancer has not previously sought membership they should take the chance to apply.
It is is a decade since I purchased my property in Downham. Conveyancing lawyers have recently been instructed on the sale but I am unable to track down my title documents. Is this a major issue?
You need not be too concerned. First there is a chance that the deeds will be retained by the mortgage company or they may be in the possession of the conveyancers who acted in your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in Downham involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
My wife and I are close to exchanging contracts on the sale of our house in Downham and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Downham lawyer would know that there is no such problem. It does beg the question why the purchasers instructed an online conveyancing outfit as opposed to a conveyancing solicitor in Downham. Having lived in Downham for 5 years we know of no issue. Should we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Me and my brother purchased a terraced Edwardian house in Downham. Conveyancing solicitor acted for me and HSBC Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to read 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 Downham and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
I was recommended by three or four local property agents in Downham to get a quote from a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to recommend your lawyers ahead of alternative conveyancing organisations?
We refuse to offer any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I've found a house that appears to meet my requirements, at a great figure which is making it more attractive. I have just found out that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Downham. Conveyancing advisers have are about to be appointed. Will they explain the issues?
Most houses in Downham are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Downham so you should seriously consider shopping around for a Downham conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the house is part of an estate. Your lawyer should advise you fully on all the issues.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Downham conveyancing firm to assist?
Most definitely. We are happy to put you in touch with a Downham conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Downham premises is Ravensbourne Lodge 4 Highland Road in February 2013. the Tribunal held that the amount payable for the freehold was £22,268