It is a dozen years since I bought my home in Hyde Park. Conveyancing lawyers have recently been instructed on the sale but I can't locate my title documents. Is this a problem?
Don’t worry too much. First the deeds may be kept by the mortgage company or they may be in the possession of the conveyancers who oversaw the purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. The vast majority of conveyancing in Hyde Park involves registered property but in the rare situation where your property is unregistered it is more of a problem but is not insurmountable.
I have been told that property searches are the primary cause of obstruction in Hyde Park conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Hyde Park.
Are there restrictive covenants that are commonly picked up during conveyancing in Hyde Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hyde Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Hyde Park differ for newly converted properties?
Most buyers of new build property in Hyde Park contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Hyde Park typically purchase the site, 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 accustomed to new build conveyancing in Hyde Park or who has acted in the same development.
How do I search for a Hyde Park law firm on the Skipton Building Society conveyancing panel? I drive a motor bike and am willing to travel upto 25kilometers to meet the solicitor.
You can use the search on this page. Please pick a bank and your location and you will see a number of Hyde Park conveyancing lawyers based on proximity. We have detailed some Hyde Park conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Skipton Building Society panel
Is there a reason that Hyde Park conveyancing fees are higher for leasehold and freehold properties?
Leasehold conveyancing in Hyde Park will often involve additional due diligence such as reviewing the lease, communicating with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.