It is 10 years ago since I bought my property in Havering-atte-Bower. Conveyancing lawyers have recently been appointed on the sale but I can't track down the title deeds. Is this a major issue?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by the lender or they could still be with the conveyancers who oversaw your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Havering-atte-Bower involves registered property but in the unlikely event that your property is unregistered it adds to the complexity but is not insurmountable.
We are purchasing a flat in Havering-atte-Bower. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to send funds into their account. What is the protection we have from them run away with our monies?
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.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Havering-atte-Bower. Do I collect the keys to the premises on completion from my lawyer? If this is the case, I will find a local conveyancing solicitor in Havering-atte-Bower?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you should be invited to collect the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
Are all Havering-atte-Bower Conveyancing Quality Solicitors on the Coventry BS conveyancing panel?
Some major lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
What does a local search inform me about the property we're buying in Havering-atte-Bower?
Havering-atte-Bower conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search is essential in every Havering-atte-Bower conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Me and my brother own a 4 bedroom Georgian house in Havering-atte-Bower. Conveyancing lawyer acted for me and Nottingham Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Havering-atte-Bower and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing practitioner who conducted the work.
I am purchasing a new build house in Havering-atte-Bower benefiting from help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not inform my solicitor about the deal as it will put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a property in Havering-atte-Bower before instructing lawyers. I have been told that there is a flying freehold element to the property. The surveyor advised that some banks will refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Havering-atte-Bower. Conveyancing may be slightly more expensive based on your lender's requirements.