It is a dozen years since I bought my property in Carisbrooke. Conveyancing lawyers have now been appointed on the sale but I can't track down my deeds. Will this cause complications?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by the mortgage company or they could still be with the lawyers who handled the purchase. Secondly in most cases the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers procuring up to date copy of the land registers. Nearly all conveyancing in Carisbrooke relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
Will our lawyer be making enquiries concerning flooding during the conveyancing in Carisbrooke.
Flooding is a growing risk for solicitors carrying out conveyancing in Carisbrooke. Some people will buy a house in Carisbrooke, fully aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Solicitors are not qualified to give advice on flood risk, however there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Carisbrooke. The standard property information forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to determine if the property has historically flooded. In the event that flooding has previously occurred and is not notified by the owner, then a buyer could commence a claim for damages as a result of such an misleading reply. The purchaser’s solicitors will also carry out an environmental report. This will indicate whether there is a recorded flood risk. If so, additional investigations should be conducted.
How does conveyancing in Carisbrooke differ for newly converted properties?
Most buyers of new build property in Carisbrooke contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Carisbrooke typically buy the site, 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 property lawyers 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 Carisbrooke or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Carisbrooke is the location of the property. Can you shed any light on this issue?
Flying freeholds in Carisbrooke are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Carisbrooke you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Carisbrooke may determine 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.
My husband and I are 3 weeks into a residential purchase having been recommend to conveyancers by the local agent to do our conveyancing in Carisbrooke. I am am extremely frustrated with the level of service. Can you help me find new conveyancers?
They would need to be very bad in order to consider replacing them. Has the mortgage offer been issued? In the event that it has you will need to advise them of the new contact details and ensure the mortgage documents are re-issued. Your conveyancer needs to be on the mortgage company panel to avoid escalating costs and delays. That should be your starting point. The find a solicitor tool can help you find a bank approved solicitor for your home move in Carisbrooke