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Recently asked questions about conveyancing in Carmel

I have given 2 months notice to my current landlord and have to vacate my let out apartment in Carmel by 30/1/2019. Conveyancing on my purchase has just started. Is it possible to complete in three weeks as I wish to avoid having to find temporary accommodation?

The normal practice is not to provide notice on a rental unless you have exchanged. Assuming that you have not previously done so, speak to your conveyancer and request that they apply pressure on the owners solicitors, try to get a realistic time scale from them that everyone will aim towards

It is 10 years ago since I bought my property in Carmel. Conveyancing solicitors have now been instructed on the sale but I am unable to find the deeds. Is this a major issue?

You need not be too concerned. First the deeds may be with your lender or they could be in the possession of the solicitor who oversaw the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Nearly all conveyancing in Carmel involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.

Have just purchased a repossessed house at auction in Carmel. Conveyancing is required. What happens now?

Having legally bound yourself to purchase you will need to hire the services of a conveyancing practitioner soon as you now have a pending a fixed date to complete the transaction. Every auction property should have a bespoke auction pack. This will include most,if not all of the paperwork that your conveyancer will need. Where you are dealing with leasehold premises the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You should give this to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in order to complete the transaction on the set completion date.

Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a garden flat in Carmel. Do I receive the keys to the house on the completion date from my solicitor? If so, I will find a High Street conveyancing solicitor in Carmel?

There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you will be able to pick up the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.

I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Carmel bank branch on various occasions and was advised it wasn't an issue and they will lend. My Carmel conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?

The conveyancing practitioner has to follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.

I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Carmel is the location of the property. Can you offer any advice?

Flying freeholds in Carmel are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Carmel you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Carmel 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 property.

What does commercial conveyancing in Carmel cover?

Commercial conveyancing in Carmel covers a wide array of advice, provided by qualified solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

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Find out more about how flying freehold can affect your the value of a property.