It is is a decade since I acquired my home in Prenton. Conveyancing lawyers have now been retained on the sale but I can't find my deeds. Is this a problem?
You need not be too concerned. First the deeds may be kept by the lender or they could be in the possession of the conveyancers who handled your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Prenton relates to registered property but in the unlikely event that your property is not registered it is more problematic but is not insurmountable.
My lawyer in Prenton has never been on on the Norwich and Peterborough Building Society Approved Panel. Can I still continue with my prefered solicitor notwithstanding that they are not on the Norwich and Peterborough Building Society list of approved lawyers?
The limited options available to you here include:
- Carry on with your existing Prenton lawyers but Norwich and Peterborough Building Society will need to use a lawyer on their panel. This will result in additional total conveyancing fees as well as result in frustration.
- Choose an alternative solicitor to to deal with the purchase, obviously checking they are Norwich and Peterborough Building Society approved.
- Persuade your Norwich and Peterborough Building Society based solicitor to try to join the Norwich and Peterborough Building Society panel
How does conveyancing in Prenton differ for new build properties?
Most buyers of new build premises in Prenton come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because developers in Prenton typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Prenton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Prenton is the location of the property. Is there any advice you can give?
Flying freeholds in Prenton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Prenton you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Prenton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Prenton cover?
Prenton conveyancing for business premises incorporates a broad range of services, offered by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.