It is is a decade since I purchased my home in Victoria Docks. Conveyancing solicitors have recently been retained on the sale but I am unable to find my deeds. Is this a problem?

Don’t worry too much. Firstly there is a chance that the deeds will be retained by your lender or they may be in the possession of the solicitor who oversaw the purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Victoria Docks involves registered property but in the unlikely event that your property is unregistered it is more problematic but is not insurmountable.

My wife and I are buying a house in Victoria Docks. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to deposit money into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

What is the difference between a licensed conveyancer and conveyancing solicitor in Victoria Docks

There are many registered licenced Conveyancers in Victoria Docks and Solicitor partnerships in Victoria Docks offering conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. Both can handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

We had selected conveyancers with offices in Victoria Docks on the Virgin Money solicitor panel. They are now charging me a further sum for the legal aspects of the Virgin Money mortgage. Is this an additional conveyancing fee set by Virgin Money?

Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not set by Virgin Money but by your Victoria Docks conveyancer. Plenty of firms on the Virgin Money panel will charge an ‘acting for lender’ fee but plenty of practices incorporate it on their overall fee.

I am buying a new build flat in Victoria Docks. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Victoria Docks

Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.

I am looking for a ground for flat up to £245,000 and identified one round the corner in Victoria Docks I like with amenity areas and railway links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Victoria Docks in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?

Should you require a home loan the shortness of the lease may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

Sixweeks into a sale of a flat in Victoria Docks. Conveyancing is fine but we are being charged an extortionate amount by the managing agents. To date we have paid £295.50 for a leasehold management information and then another £118 for supplemental questions raised by the buyers solicitor.

You will not have control over the extent of the fee for this information however the typical fee for the information for Victoria Docks leasehold property is £395. When it comes to Victoria Docks conveyancing deals it is conventional for the seller to pay for these charges. The freeholder or their agents are under no legal obligation to answer such questions most will be content to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that mandates fixed charges for administrative tasks. Nor is there any legal time frame by which they are required to issue the information.