It is is a decade since I purchased my property in Stevenage. Conveyancing solicitors have recently been retained on the sale but I am unable to locate my deeds. Is this a problem?
You need not be too concerned. First there is a chance that the deeds will be retained by your lender or they could be archived with the conveyancers who oversaw your purchase. Secondly the chances are that the land 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. The vast majority of conveyancing in Stevenage involves registered property but in the rare situation where your property is not registered it is more problematic but is resolvable.
My Conveyancer in Stevenage is not listed on the Coventry Building Society Conveyancing Panel. Can I still use my prefered solicitor notwithstanding that they are excluded from the Coventry Building Society list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Stevenage solicitors but Coventry Building Society will need to instruct a solicitor on their panel. This will result in additional overall conveyancing charges as well as result in delays.
- Find a new solicitor to to deal with the purchase, not forgetting to check they are Coventry Building Society approved.
- Try to convince your Coventry Building Society solicitor to try to join the Coventry Building Society panel
Various internet forums that I have come across warn that are a common reason for hinderance in Stevenage conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Stevenage.
Me and my brother purchased a terraced Edwardian house in Stevenage. Conveyancing lawyer acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stevenage 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 purchasers. You can also check the situation with the conveyancing solicitor who conducted the work.
Is it best to instruct a Stevenage conveyancing practitioner based in the location that I am hoping to buy? I have an old university friend who can conduct the legal work but they are based 300kilometers drive away.
The benefit of a high street Stevenage conveyancing firm is that you can drop in to execute paperwork, hand in your identification documents and pester them where appropriate. Having local Stevenage know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and on the whole were impressed that should trump using an unfamiliar Stevenage conveyancing solicitor solely due to them being based in the area.
We are in the middle of purchasing a residence in Stevenage. Conveyancing solicitor has told us the property is "Leasehold". Should this adversely affect our HSBC valuation?
Stevenage conveyancing does not in most situations involve leasehold houses. The main factor here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it’s unlikely to affect the value too much.
At the other end of the spectrum, if it's, say, Sixty years it will have a adverse impact on the saleability, and probably wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be specified in the lease to be supplied to your solicitor.