I am buying a property for cash in Spalding. I have been living for the previous dozen years in Spalding. Conveyancing searches are a lot of money. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then all but one or two of the Spalding conveyancing searches are optional. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches carried out, but he is duty bound to take that path of advice. Do take into account; if you are intend to dispose of the house at a future date, it could be of importance to your future buyer what the searches contain. There are plenty of instances where properties with apparent issues can still throw up negative search results. A competent conveyancing solicitor in Spalding should be able to give you some practical advice here.
It is is a decade since I purchased my property in Spalding. Conveyancing solicitors have now been appointed on the sale but I can't find my deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be with the lender or they may be archived with the lawyers who oversaw your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Spalding involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Spalding. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/2/2019, the requirements read as follows :
I have justbecome aware that Action Conveyancing have closed. They conducted my conveyancing in Spalding for a purchase of a freehold house 10 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Spalding conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a property in Spalding in advance of instructing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Spalding. Conveyancing may be slightly more expensive based on your lender's requirements.