It is a dozen years since I acquired my house in Box. Conveyancing solicitors have recently been instructed on the sale but I am unable to locate my title deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a possibility that the deeds will be kept by the lender or they could be in the possession of the conveyancers who oversaw the purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring up to date copy of the land registers. Almost all conveyancing in Box involves registered property but in the unlikely event that your home is not registered it is more of a problem but is resolvable.
We hope to to purchase with Coventry BS. We have called around locally yet cant to find a Box conveyancing firm on the Coventry BS approved list. Can you assist?
You should take advantage of the search tool on this web page. Please choose the building society and type Box or your location and you will discover a number of lawyer based in Box or nearest you.
Various internet forums that I have come across warn that are a common cause of hinderance in Box house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Box.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Box?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Box. 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…’
Due to the encouragement of my in-laws I had a survey completed on a property in Box ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not give a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Box. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Box to see if the conveyancing will be more expensive.
My step-son is about to join the property ladder, he had his mortgage in principle. One the offer was accepted on house we contacted the bank to go forward with his. We were disappointed to learn that mortgage companies do not accept all lawyer, they need to be on their approved list, is this correct?
Mortgage Companies ordinarily restrict either the type or the number of conveyancing practices on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Box lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.