It is is a decade since I bought my house in Aston. Conveyancing lawyers have recently been retained on the sale but I am unable to find my deeds. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be with your mortgage company or they could be in the possession of the solicitor who acted in the purchase. Secondly in most cases the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Nearly all conveyancing in Aston involves registered property but in the rare situation where your home is not registered it is more tricky but is resolvable.
I have been recommended a conveyancing solicitor in Aston. I I am struggling to find out if they are accepted on the approved list of lawyers. Could you help?
You should contact your lawyer and ask them if they are on the lender panel. Alternatively please get in touch with who may be able to assist.
I have recentlyfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Aston for a purchase of a freehold house 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Aston conveyancing specialists.
How does conveyancing in Aston differ for newly converted properties?
Most buyers of new build property in Aston approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Aston usually acquire the site, 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 accustomed to new build conveyancing in Aston or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and found one close by in Aston I like with amenity areas and railway links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Aston suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 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 existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.