It is a dozen years since I acquired my property in St Austell. Conveyancing solicitors have recently been instructed on the sale but I can't locate the title deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be with your lender or they could be archived with the solicitor who oversaw your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Nearly all conveyancing in St Austell relates to registered property but in the rare situation where your home is not registered it is more of a problem but is not insurmountable.
The St Austell conveyancing firm that just started acting on my house acquisition in St Austell have without warning shut down. I chose them because I had to have a lawyer on the Skipton conveyancing panel and my family St Austell lawyer was not. I wrote them a cheque for two hundred pounds in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Skipton conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
What will a local search reveal regarding the house my wife and I buying in St Austell?
St Austell conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search plays a central role in many a St Austell conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Due to the guidance of my in-laws I had a survey completed on a house in St Austell prior to appointing solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks will refuse to grant a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in St Austell. Conveyancing will be smoother if you use a solicitor in St Austell especially if they are accustomed to such properties in St Austell.
Estate agents have just been given the go-ahead to market my ground floor apartment in St Austell. Conveyancing is yet to be initiated, but I have recently received a yearly maintenance charge demand – Do I pay up?
It best that you discharge the service charge as you normally would because all rents and maintenance payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in St Austell - Sample of Queries Prior to buying
Is anyone aware of any major works in the near future that could add a premium to the service costs? Best to be warned whether fixing the lift or some other significant cost is due in the foreseeable future to be shared amongst the leaseholders and will dramatically increase the the maintenance fees or require a one time invoice. How much is the maintenance charge and ground rent on the flat?