It is is a decade since I purchased my home in Cherry Willingham. Conveyancing solicitors have just been appointed on the sale but I am unable to locate my deeds. Is this a problem?
You need not be too concerned. First there is a possibility that the deeds will be kept by your mortgage company or they could be in the possession of the lawyers who handled your purchase. Secondly in most cases the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Nearly all conveyancing in Cherry Willingham involves registered property but in the unlikely event that your property is unregistered it is more of a problem but is resolvable.
I'm the single recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Cherry Willingham. The Cherry Willingham property was put into my name in January. I want to move. I understand that there is a CML six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the house in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Most mortgage companies would take a practical view as this requirement chiefly exists to identify the purchase and immediately sell or the quick reselling of property.
When it comes to mortgage companies such as Co-operative, do Cherry Willingham conveyancers have to pay an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
After weeks of negotiation I have agreed a price on a house in Cherry Willingham. My mortgage broker recommended their conveyancers. I paid an on account payment of £225. Shortly after, the conveyancer contacted me to say that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
It has been 3 months since my purchase conveyancing in Cherry Willingham concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a flat up to £305k and identified one round the corner in Cherry Willingham I like with a park and station nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Cherry Willingham suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage that many years will likely be problematic. Reduce 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 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
Given that I am about to part with over three hundred thousand on a two bedroom apartment in Cherry Willingham I would like to have a conversation with the solicitor concerning theconveyancing prior to instructing the firm. Is this something that you can arrange?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you speaking to the lawyer due to be doing your conveyancing in Cherry Willingham.There is no ‘factory style conveyancing’ - every client is an important person, not a file number. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Cherry Willingham should be the amount on the final invoice that you are charged.