It is is a decade since I acquired my home in Stokenchurch. Conveyancing solicitors have recently been instructed on the sale but I can't find my deeds. Will this cause complications?
You need not be too concerned. First the deeds may be kept by your lender or they may be in the possession of the solicitor who acted in your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Most conveyancing in Stokenchurch relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
Can I be sure that the Stokenchurch conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Stokenchurch seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer carrying out your conveyancing.
We are getting the release of further monies on our mortgage from Barclays as we want to conduct alterations to our home in Stokenchurch. Are we obliged to choose a nearby Stokenchurch solicitor on the Barclays conveyancing panel to handle the legals?
Barclays do not ordinarily instruct firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Barclays panel.
I can not work out if my lender requires a lease extension. I have called into my local Stokenchurch building society branch on various occasions and was told it wasn't a problem and they will lend. My Stokenchurch conveyancing solicitor - who is on the bank conveyancing panel- called and was told they would not lend in accordance with their published requirements. I have no idea who is right.
The conveyancing practitioner must follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
My friend recommended that where I am purchasing in Stokenchurch I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Stokenchurch conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Stokenchurch around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Stokenchurch.
Are there restrictive covenants that are commonly picked up during conveyancing in Stokenchurch?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Stokenchurch. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've found a house that appears to be perfect, at a reasonable figure which is making it more attractive. I have just been informed that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Stokenchurch. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
The majority of houses in Stokenchurch are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in Stokenchurch in which case you should be looking for a Stokenchurch conveyancing solicitor and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your conveyancer will advise you fully on all the issues.
Stokenchurch Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
It is important to be aware if a new roof is being installed or some other significant cost is due in the near future to be shared amongst the leaseholders and will dramatically increase the the service costs or require a specific invoice. Who are the managing agents?