It is a dozen years since I purchased my house in North Somerset. Conveyancing lawyers have just been instructed on the sale but I am unable to track down the deeds. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be kept by the lender or they may stored with the lawyers who acted in the purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in North Somerset relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to instruct a high street conveyancing solicitor in North Somerset?
You should check but the chances are that allocate you one of their panel conveyancers should you want the "fee-free" offer. Speak to the lender to explore if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near North Somerset.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in North Somerset I like with a park and transport links nearby, however it only has 52 years unexpired on the lease. There is not much else in North Somerset suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
We're novice buyers - agreed a price, yet the selling agent has warned us that the owners will only proceed if we instruct the agent's recommended lawyers as they want a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in North Somerset
We suspect that the owner is not behind this ultimatum. Should the seller require ‘a quick sale', turning down a genuine purchaser is is going to put the whole deal at risk. Try to communicate with the vendors directly and explain that (a)you are motivated buyers (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you are going to use your preferred North Somerset conveyancing lawyers - not the ones that will provide the estate agent a commission or meet his conveyancing targets demanded by senior management.
My folks are having problems in finding their North Somerset land registry title on the site. They have a vague memory 50 years ago when they acquired the property there were complications concerning North Somerset not being identified on some systems.
The vast majority of properties in North Somerset should appear. Have you endevoured to search to simply the postcode. Usually it will disclose all the properties inside that postcode. Where recorded it will be there with a title number. Where they bought back in the 60’s it's conceivable it may be unrecorded. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title deeds which could be with your parent’s mortgage company.