It is 10 years ago since I purchased my home in Shrivenham. Conveyancing solicitors have recently been appointed on the sale but I am unable to find the title documents. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by your mortgage company or they may stored with the lawyers who acted in your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Almost all conveyancing in Shrivenham relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when purchasing a house in Shrivenham?
Unless a previous acquisition of the premises took place post 12 October 2013 you can assume that solicitors carrying out conveyancing in Shrivenham to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in Shrivenham differ for newly converted properties?
Most buyers of new build premises in Shrivenham come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Shrivenham typically purchase the real estate, 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 Shrivenham or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Shrivenham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Shrivenham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shrivenham you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shrivenham may ascertain 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.
What are your top tips when it comes to appointing a Shrivenham conveyancing practice to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Shrivenham conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Shrivenham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
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Can they put you in touch with clients in Shrivenham who can give a testimonial?
Leasehold Conveyancing in Shrivenham - Examples of Queries before Purchasing
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Does the lease contain onerous restrictions? The answer will be helpful as a) areas can result in problems for the block as the communal areas may start to deteriorate where services remain unpaid b) if the leaseholders have a dispute with the running of the building you will want to have full disclosure Are any of leasehold owners in dispute over their service charge payments?
I have been informed by various estate agents to expect up to two months for Shrivenham conveyancing to complete.This was 3 ago. The property information was only forwarded to my solicitor last week so now does it countdown?
No official countdown exists for conveyancing in Shrivenham, or any location. You just have to make sure your finances are in order and wait for the rest to come together.