As a first time buyer what is the most important piece of guidance you can impart about purchase conveyancing in Chipping Norton?
Not many law firms or advisers will tell you this but conveyancing in Chipping Norton and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and other parties involved in the legal transfer of property. For example, the seller, property agent and on occasion a lender. Appointing a law firm for your conveyancing in Chipping Norton is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose responsibility is to protect your best interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you must always trust your lawyer above all other parties when it comes to the legal assignment of property.
My grandfather passed away six months ago and as sole heir and executor I was left the house in Chipping Norton. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
Where you plan to refinance then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
My friend recommended that if I am purchasing in Chipping Norton I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Chipping Norton conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Chipping Norton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Chipping Norton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Chipping Norton Education with plans and statistics, Local Amenities and other useful information regarding Chipping Norton.
My wife and I have a terraced Edwardian property in Chipping Norton. Conveyancing lawyer acted for me and Barclays Direct. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the matching property. Is it worth asking Barclays Direct to clarify?
You should read 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 Chipping Norton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing lawyer who conducted the conveyancing.
Should I be concerned that estate agents that I am dealing with are suggesting a nationwide conveyancing firm as opposed to a High Street Chipping Norton conveyancing firm?
As is the case with many service providers, often input from connections can be worth their weight in gold. Nevertheless there are numerous people with a vested interest in a conveyancing deal; estate agents, financial adviser and banks might all suggest conveyancers to instruct. On occasion these lawyers might be known to one of the organisations as being good in their field, but occasionally there exists a commercial relationship behind the recommendation. You have the right to select your own conveyancer. Don't forget that the majority of lenders operate an approved list of lawyers you must use for the lender aspect of your transaction.