It is 10 years ago since I purchased my home in Mancot. Conveyancing lawyers have now been retained on the sale but I can't locate the deeds. Is this a major issue?
Don’t worry too much. Firstly there is a possibility that the deeds will be with the mortgage company or they may be in the possession of the solicitor who oversaw your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. The vast majority of conveyancing in Mancot involves registered property but in the unlikely event that your property is unregistered it is more of a problem but is resolvable.
We're in Mancot, FTBs buying with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
We are buying a property and the solicitor has raised the issue of Chancel Repair to which the property may be obligated to contribute to as it falls into the area of such a church. She has recommended insurance. Is this strictly appropriate for conveyancing in Mancot
Unless a prior acquisition of the property completed after 12 October 2013 you may expect lawyers handling conveyancing in Mancot to remain recommending a chancel search and or insurance against a claim.
Due to the guidance of my in-laws I had a survey completed on a house in Mancot in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Mancot. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the term on line conveyancing in Mancot it reveals many solicitorslocally. How do I determine which is the right conveyancing solicitor for my move?
The best way of finding a suitable conveyancer is through a personal testimonial, so ask colleagues and family who have acquired a property in Mancot or a respected estate agent or mortgage broker. Charges for conveyancing in Mancot differ, so it's a good idea to secure at least three fee estimates from different conveyancers. Be sure to secure confirmation that the fees are fixed.
At what stage do I pay the Stamp Duty Land Tax due for my Mancot property purchase?
The majority of conveyancing practitioners tend to complete a stamp duty return on your behalf as part of your Mancot purchase transaction for you to sign. On completion your lawyer will submit your Land Transaction Return Form to the Tax Authorities and - as long as they have the money - discharge any land tax payable on your behalf.