It is 10 years ago since I acquired my home in Maghull. Conveyancing solicitors have now been appointed on the sale but I am unable to track down the title deeds. Is this a problem?
You need not be too concerned. First there is a chance that the deeds will be kept by the lender or they could stored with the solicitor who oversaw the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Maghull involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
My wife and I have recently appointed a conveyancing solicitor in Maghull. I I would like to check whether they are on the Bank of Scotland approved list of lawyers. Can you or the lender confirm if they are on the panel?
You should call your solicitor and ask them whether they are on the lender panel. Otherwise you can call Bank of Scotland who may be able to confirm.
I require expedited conveyancing in Maghull as I have an ultimatum to sign on the dotted line within 3 weeks. Thankfully I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are not obtaining a mortgage you are at liberty not to do searches although no solicitor would suggest that you don't. With plenty of history conveyancing in Maghull the following are instances of what can show up and therefore impact future mortgageability: Enforcement Notices, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
How does conveyancing in Maghull differ for newly converted properties?
Most buyers of new build property in Maghull come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Maghull typically acquire 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 conveyancing solicitors 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 Maghull or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Maghull is the location of the property. Can you shed any light on this issue?
Flying freeholds in Maghull are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Maghull you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maghull 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 premises.
I have been advised by two or three local estate agents in Maghull to find a property lawyer using your seach tool. What’s the financial upside for Estate Agents to offer your site over and above alternative conveyancing organisations?
We refuse to give any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.