It is is a decade since I purchased my home in Carisbrooke. Conveyancing solicitors have recently been instructed on the sale but I am unable to find the title deeds. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be retained by your lender or they may stored with the conveyancers who acted in your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Carisbrooke involves registered property but in the unlikely event that your property is unregistered it adds to the complexity but is not insurmountable.
What happens if my lawyer’s firm is expelled from the HSBC Solicitor panel ahead of completing my conveyancing in Carisbrooke?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Are there restrictive covenants that are commonly identified during conveyancing in Carisbrooke?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Carisbrooke. 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 decided to have a survey carried out on a house in Carisbrooke prior to instructing solicitors. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks may refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Carisbrooke. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Carisbrooke cover?
Carisbrooke conveyancing for business premises incorporates a broad array of advice, supplied by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.