It is a dozen years since I acquired my home in Northfleet. Conveyancing lawyers have just been appointed on the sale but I can't locate my deeds. Will this cause complications?
You need not be too concerned. First there is a possibility that the deeds will be retained by the mortgage company or they may still be with the conveyancers who handled your purchase. Secondly in all probability the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Almost all conveyancing in Northfleet relates to registered property but in the unlikely event that your property is not registered it is more problematic but is not insurmountable.
My flat in Northfleet is up for sale and I have a purchaser. Does my lawyer have to be required to be on the Bank of Ireland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I require expedited conveyancing in Northfleet as I have pressure to sign on the dotted line within one month. Luckily I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you have the choice not to have searches conducted although no law firm would advise that you don't. With lots of history conveyancing in Northfleet the following are instances of what can crop up and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
Due to the guidance of my in-laws I had a survey completed on a house in Northfleet in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you contact us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Northfleet. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been advised by a few estate agents in Northfleet to choose a solicitor on your site. What’s the financial upside for Estate Agents to market your lawyers ahead of alternative conveyancing organisations?
We don’t give any financial incentive for directing people in our direction. We thought it would be too underhand to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I own a leasehold flat in Northfleet. Conveyancing and Santander mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Northfleet who acted for me is not around. Any advice?
First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Northfleet conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Northfleet - Sample of Queries before buying
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For many Northfleet leaseholds the outlay for major works tend not to be wrapped into the maintenance charges, although a few managing agents in Northfleet ask tenants to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. Make sure you discover if the the lease includes any adverse restrictions in the lease. For example plenty of leases prohibit pets being permitted in in a block in Northfleet. If you love the apartmentin Northfleet but your dog is not allowed to live with you then you will be faced hard compromise. Is the freehold reversion owned jointly by the leaseholders?