It is is a decade since I purchased my property in Grays. Conveyancing lawyers have just been retained on the sale but I am unable to locate the deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be with your lender or they may still be with the lawyers who oversaw your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Most conveyancing in Grays involves registered property but in the rare situation where your property is not registered it is more of a problem but is resolvable.
I am purchasing a property and the solicitor has identified Chancel Repair to which the house may be liable given it’s proximity to the area of such a church. He has suggested insurance. Is this really warranted for conveyancing in Grays
Unless a prior acquisition of the property completed post 12 October 2013 you may expect conveyancing practitioners carrying out conveyancing in Grays to remain encouraging a chancel search and or chancel repair liability policy.
How does conveyancing in Grays differ for newly converted properties?
Most buyers of new build property in Grays come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Grays typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Grays or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Grays is the location of the property. Can you shed any light on this issue?
Flying freeholds in Grays are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Grays you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Grays may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I was recommended by a number of property agents in Grays to find a conveyancer on your site. What’s the financial incentive for Estate Agents to promote your lawyers over and above alternative conveyancing organisations?
We refuse to give any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
My parents are unable to locate their Grays land registry title on the site. They recall that back in the 70’s when they bought the property there were complications concerning Grays not being identified on some systems.
Almost all premises in Grays should appear. Have you endevoured to search with just the postcode. Normally it will mention all the properties inside that postcode. Where recorded it will show up with a title number. Where they bought sixty years ago it's conceivable it may be not yet registered. The address could still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title deeds which could be with your parent’s lender.