It is a dozen years since I bought my property in Tisbury. Conveyancing lawyers have now been instructed on the sale but I can't track down the deeds. Will this cause complications?
Don’t worry too much. Firstly there is a chance that the deeds will be kept by your lender or they may still be with the lawyers who oversaw the purchase. Secondly in most cases 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 solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Tisbury involves registered property but in the rare situation where your home is not registered it adds to the complexity but is resolvable.
I am mortgaging my flat in Tisbury, does my lawyer have to be on the Yorkshire BS Conveyancing panel?
There is nothing to stop you using your solicitor, but Yorkshire BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
five months have elapsed following my purchase conveyancing in Tisbury concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Tisbury differ for newly converted properties?
Most buyers of new build premises in Tisbury come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Tisbury tend to 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 property lawyers 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 used to new build conveyancing in Tisbury or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Tisbury I like with a park and station nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Tisbury for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I need to find a conveyancing solicitor for freehold conveyancing in Tisbury. I've discover a web site which appears to be the perfect offering If it is possible to get all this stuff completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?