My wife and I are soon to exchange buying a house in Essington but as a result of wreckage from some water damage at the property I have managed to agree compensation from the seller in the sum of £3k in the form of a adjustment in the price. This was going to be dealt with as part of amending the contract yet HSBC will not permit this. Should they have been involved?
The solicitor being on the HSBC approved list is obliged to inform HSBC of any amendments to the purchase price. If you prohibit your solicitor to disclose the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new property lawyer for your conveyancing in Essington.
Various internet forums that I have visited warn that are the main reason for stalling in Essington conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Essington.
I purchased a semi-detached Edwardian house in Essington. Conveyancing lawyer represented me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Essington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who conducted the purchase.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Essington I like with amenity areas and transport links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Essington suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
In my capacity as executor for the will of my grandmother I am disposing of a residence in Newport but live in Essington. My conveyancer (who is 200 kilometers awayneeds me to execute a statutory declaration before completion. Can you recommend a conveyancing practitioner in Essington to attest this legal document for me?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Essington based