It is 10 years ago since I acquired my house in Ferring and Goring. Conveyancing lawyers have just been instructed on the sale but I am unable to find the title documents. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be kept by the mortgage company or they could be in the possession of the solicitor who acted in your purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Ferring and Goring involves registered property but in the unlikely event that your home is not registered it is more problematic but is not insurmountable.
We're in Ferring and Goring, First time buyers buying with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS 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.
I am selling our house in Ferring and Goring and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Ferring and Goring lawyer would know that there is no such problem. It does beg the question why the purchasers used a factory type conveyancing practice rather than a conveyancing solicitor in Ferring and Goring. Having lived in Ferring and Goring for six years we know that this is a non issue. Should we get in touch with our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor already. 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 life insurance to cover that same sickness)
My partner has recommend that I instruct his conveyancing solicitors in Ferring and Goring. Should I use them?
Much as we are happy to recommend a Ferring and Goring conveyancing lawyer it’s preferable to choose a conveyancing practitioner is to have feedback from friends or family who have previously instructed the firm that you are contemplating using.
I am a negotiator for a reputable estate agency in Ferring and Goring where we see a number of leasehold sales put at risk due to leases having less than 80 years remaining. I have received conflicting advice from local Ferring and Goring conveyancing firms. Please can you shed some light as to whether the owner of a flat can initiate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Ferring and Goring Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying
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You should want to find out as much as possible regarding the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the upkeep of the common parts. Enquire of other tenants what they think of their service. On a final note, be sure you discover the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes. What is the length of the lease? What prohibitions are contained in the Ferring and Goring Lease?
I dont have enough spare funds to pay a 10% deposit on my apartment purchase in Ferring and Goring , but I still want to exchange. Do I have options?
You can accept a lesser deposit. Many sellers will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second