I have just been advised by my IFA that my Hindhead property lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to call your Hindhead conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they may recommend you to a Hindhead conveyancing firm that is on the conveyancing panel for your mortgage company.
We are acquiring our first property. The lawyer has calledto ask if we would like to purchase supplemental conveyancing searches. We are really unsure what's appropriate for conveyancing in Hindhead
The quantity and type of Hindhead conveyancing searches depends primarily on the property, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your overall appetite to risk. What matters is that you adequately appreciate what information the searches could supply. You may then decide if you personally think you need that information. If unclear, ask your conveyancing practitioner to offer guidance.
It is 10 years ago since I bought my property in Hindhead. Conveyancing lawyers have now been instructed on the sale but I am unable to track down my title documents. Is this a major issue?
Don’t worry too much. First the deeds may be with the lender or they could be in the possession of the conveyancers who acted in your purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Most conveyancing in Hindhead relates to registered property but in the unlikely event that your home is not registered it is more tricky but is not insurmountable.
We hope to to buy with Melton Mowbray Building Society. We have called around locally but am unable to find a Hindhead conveyancing firm on the Melton Mowbray Building Society approved list. Can you assist?
Please do make the most of the search tool on this site. Please choose the building society and type Hindhead or your location and you will discover a number of lawyer based in Hindhead or near you.
I have been on the look out for a flat up to £195,000 and found one round the corner in Hindhead I like with amenity areas and station in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Hindhead in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term may 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 premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.