Just acquired a semi-detached house in Hinckley , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Hinckley conveyancing solicitor works at snail pace, so I want to check that my purchase is registered.
There is nothing unique about conveyancing in Hinckley registration formalities. As opposed to being determined by geographic area, timescales can differ subject to who lodges the application, whether there are errors and if the Land registry communicate with any interested parties. At present approximately 80% of such applications are fully dealt with within 12 days but occasionally there can be protracted delays. Historically registration occurs once the buyer has moved in to the premises so registration formalities is not always primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer must speak with the land registry and explain the circumstances.
I decided to have a survey done on a house in Hinckley prior to retaining conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some lenders may refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hinckley. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it simple use the search app to locate a conveyancing lawyer in Hinckley on the approved list for my bank?
First select a bank such as Birmingham Midshires, Leeds Building Society or Barclays Direct then choose your preferred area e.g. Hinckley. Conveyancing firms in Hinckley and nationally will then be identified.
My wife and I purchased a leasehold flat in Hinckley. Conveyancing and Platform Home Loans Ltd mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Hinckley who acted for me is not around. Any advice?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Hinckley conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Hinckley - A selection of Queries Prior to buying
How much is the ground rent and service charge? Is there a share of the freehold? Are any of leasehold owners in dispute over their service charge liability?
I have read on numerous online forums that before selecting a conveyancing lawyer they need approved by your mortgage company. This is my first home move but I have an AIP via Birmingham Midhshires and I already have a bricks and morter conveyancing lawyer in Hinckley on standby. Will HSBC require an approved solicitor to be selected? Does a directory of panel firms even exist for my conveyancing in Hinckley?
You need to choose a solicitor that is on the HSBC panel. Simply telephone your chosen Hinckley conveyancing lawyer and ask if they are on the HSBC panel. If they are not on the panel you have numerous choices available to you here:
- Carry on with your existing Hinckley lawyer but HSBC will no doubt appoint a conveyancing practitioner on their approved panel. The net impact is additional fees together with probable frustration.
- Choose a new conveyancing practitioner to act in the purchase, not forgetting to check that they are on the HSBC conveyancing panel.
- Convince your solicitor to apply to join the mortgage company panel.