It is 10 years ago since I acquired my home in Newbury Park. Conveyancing lawyers have recently been retained on the sale but I can't find my title deeds. Will this cause complications?
Don’t worry too much. Firstly there is a chance that the deeds will be with the lender or they may stored with the lawyers who oversaw the 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 lawyers procuring up to date copy of the land registers. Nearly all conveyancing in Newbury Park relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
We wanted to use a conveyancing solicitor in Newbury Park for our house move. Our broker informed us that our mortgage lenders Chelsea Building Society won't deal with them. Why is this not regarded as unfair competition?
Before the recession most lenders had an appetite for risk which was higher than today. Almost all Newbury Park conveyancing firms would have been on many lender panels. The financial services regulator in 2010 carried out a thematic review into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more information from law firms relating to their operations and their employees and establishing certain criteria such a completing on a minimum amount of conveyancing. Many Newbury Park conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Newbury Park is one of the hundreds of areas where the lawyers showing on our search results are are approved Chelsea Building Society.
My friend suggested that if I am purchasing in Newbury Park I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Newbury Park conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Newbury Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Newbury Park Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Newbury Park.
How does conveyancing in Newbury Park differ for newly converted properties?
Most buyers of new build residence in Newbury Park contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Newbury Park usually buy 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 conveyancers 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 Newbury Park or who has acted in the same development.
How do I locate a Newbury Park solicitor on the Nottingham Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 10miles to meet the lawyer.
Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of Newbury Park conveyancing lawyers locally. We have detailed some Newbury Park conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Nottingham Building Society member panel
My husband and I are 18 days into a leasehold purchase having been referred to solicitors by the local agent to do our conveyancing in Newbury Park. I am not happy. Could you help me find new lawyers?
A lawyer would need to be very bad in order to consider diss instructing them. Has your mortgage offer been issued? If so you need to inform them of the replacement conveyancer and ensure the mortgage documents are re-issued. Your new conveyancer needs to be on the lenders panel to avoid escalating costs and delays. So that should be your first question of the new solicitors. The find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in Newbury Park