It is is a decade since I bought my property in Hoyland. Conveyancing lawyers have now been appointed on the sale but I can't track down my title deeds. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be kept by your mortgage company or they could be in the possession of the solicitor who oversaw the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. The vast majority of conveyancing in Hoyland involves registered property but in the rare situation where your property is not registered it is more tricky but is not insurmountable.
What is the optimum way to check that the solicitor handling my conveyancing in Hoyland is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus spending £192.00 in another set of conveyancing costs.
Feel free to make use of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type ‘Hoyland’ or your location and you will be presented with a number of lawyer located in Hoyland or near you.
I'm refinancing my existing house to a buy to let loan with Lloyds TSB Bank and I will use the rest of the raised equity towards a second property. The neighborhood we are interested in is Hoyland. Will your solicitors be able to act for both sets of banks and tie in the two deals?
Do use our search tool on this page to check that the solicitors are approved by both mortgage companies. Assuming that they are the solicitor should be able to connect the two deals but you should have a chat with you lawyer and specify your desired outcome and needs.
I've recently bought a leasehold property in Hoyland. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Hoyland Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
It is important to be aware whether redecorating or some other significant cost is pending that will be shared by the leaseholders and will materially impact the level of the maintenance charges or necessitate a specific payment. This information is useful as a) areas could cause problems for the building as the common areas may start to deteriorate where services are not paid for b) if the leasehold owners have an issue with the managing agents you will wish to have all the details If a Hoyland lease has less than 80 years it will affect the marketability of the apartment. It is worth checking with your bank that they are content with remaining years on the lease. Leases with fewer than 80 years remaining means that you will most likely require a lease extension sooner rather than later and it is worth discovering how much this will be. Remember, in most cases you would need to own the property for a couple of years in order to be entitled to exercise a lease extension.
My husband and I are first time buyers just having agreed a price on a property in Hoyland, and need to get solicitors lined up. We have used the different comparison based websites and the quotes are from all across the England and Wales. Is it essential to have a Hoyland solicitor local to your prospective property? I am happy to do everything over email, but I am thinking at some point we may need to physically go into the solicitor's office to sign contracts?
The solicitor does not need to be in Hoyland, but choosing local means that you have the option to go in if you need to, for instance, if a signature is immediately necessary. In addition, a Hoyland solicitor is likely to be familiar with local agents and (if the vendor has chosen a local solicitor) with them, which should help keep things moving faster.