It is a dozen years since I bought my house in Bedminster. Conveyancing solicitors have now been instructed on the sale but I am unable to locate the title deeds. Will this cause complications?
Don’t worry too much. First there is a possibility that the deeds will be with the lender or they may be in the possession of the conveyancers who acted in your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Most conveyancing in Bedminster involves registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
What is the difference between a licensed conveyancer and conveyancing solicitor in Bedminster
There are many recorded licenced Conveyancers in Bedminster and Solicitor firms in Bedminster offering conveyancing It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. Both can deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I happen to be the sole beneficiary of my late father’s estate with all property in now in my sole name, including the house in Bedminster. The Bedminster property was put into my name in August. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship could be considered the same way as if I'd bought the property in August. Do I have to wait 6 months to sell?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How sensible a view lenders take of it, depend on the lender as this obligation chiefly exists to identify subsales or the quick reselling of properties.
How can we tell if a Bedminster conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Bedminster obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your transaction.
It has been 2 months following my purchase conveyancing in Bedminster completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 asset 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.
Just had an offer accepted on a new build apartment in Bedminster. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Bedminster
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared.
We are in the process of purchasing a house in Bedminster. Could our solicitor keep our transaction price a secret from sites such as Rightmove. How could this be achieved ?
The Land Registry are legally obliged to disclose price sold data on the official title for residential properties countrywide which includes premises in Bedminster. The Title Register is a public document, so the Land Registry would be breaking the law excluded specific properties such as your property in Bedminster.
In essence you can ask HMLR to hide the price paid data but the response will be a No.