It is 10 years ago since I bought my property in Stanwick. Conveyancing lawyers have recently been instructed on the sale but I can't locate my title deeds. Is this a problem?
You need not be too concerned. First there is a possibility that the deeds will be kept by your lender or they could be in the possession of the conveyancers who acted in your purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Stanwick relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
We are selling our apartment in Stanwick. Does the conveyancing practitioner have to be on the Principality conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Principality 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 specifications fairly frequently currently.
Me and my brother own a 4 bedroom Edwardian property in Stanwick. Conveyancing lawyer represented me and Yorkshire Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Yorkshire Building Society to clarify?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stanwick and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing solicitor who conducted the work.
I am purchasing a new build house in Stanwick with a mortgage from Platform Home Loans Ltd. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my lawyer about this side-deal as it would affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Stanwick is where the house is located. What do you suggest?
Flying freeholds in Stanwick are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stanwick you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stanwick 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.
I am looking into buying my first house which is in Stanwick and I am already nervous. I couldn't find anything specific about Stanwick. Conveyancing will be needed in due course but do you know about the Stanwick area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stanwick. In the meantime here are some basic statistics that we found