Why do I have to pay up front when it comes to conveyancing in Crofton?
Where you are retaining lawyers for conveyancing in Crofton your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. Generally this is called for to cover the fees of the Local Authority Search. If any down payment is as part of the sale price then this should be required shortly in advance of contracts are exchanged. The closing balance that is due should be sent to your lawyer shortly before completion.
Please explain the implications if my solicitor is suspended from the HSBC Solicitor panel ahead of completing my conveyancing in Crofton?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I completed on my house on 11 October and the transaction details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Crofton said it will be recorded in less than a month. Are transfers in Crofton uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Crofton registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and if the Land registry need to notify any interested parties. As of today roughly 80% of submission are fully dealt with in less than three weeks but occasionally there can be extensive delays. Historically registration takes place once the buyer is living at the property therefore an expedited registration is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.
Due to the input of my in-laws I had a survey completed on a property in Crofton prior to instructing lawyers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some lenders may not give a mortgage on such a property.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Crofton. Conveyancing may be slightly more expensive based on your lender's requirements.
The lawyers handling our conveyancing in Crofton has sent papers to review that indicate that the property is unregistered with epitome documents. How can it be that the property not registred at the Land Registry?
Although most properties in Crofton are now registered with the Land Registry there are still some that remain unregistered. Any property in Crofton that has been transferred since the late 1980’s will have been registered at the HM Land Registry under the compulsory ‘first registration’ scheme. However, if a Crofton property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Crofton conveyancing solicitors will be capable of dealing with this type of conveyancing but if any uncertainty reigns the usual proposition nowadays is for the current owners to register it first and subsequently sell - this can though naturally cause a significant delay.