I just bought a house at auction in Hungerford. Conveyancing is required. What are my next steps?
Now that you are for in every practical sense signed on the dotted line you should appoint a conveyancing lawyer as a matter of priority as you now have a pending a drop dead date to complete the property. Every auction property will have a corresponding auction set of papers. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the auction papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You should pass this on to your appointed conveyancing solicitor as soon as possible. Do make sure that that you have the requisite funding in place to complete on the date specified in the contract.
The deeds to my property can not be found. The solicitors who dealt with the conveyancing in Hungerford 10 years ago have long since closed.Will I be able to sell the house?
You no longer need to have the physical official documentation to establish that you own the land or property, given that the Land Registry have everything they need in a digital format.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Hungerford is where the house is located. Can you offer any opinion?
Flying freeholds in Hungerford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hungerford you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hungerford may decide 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 property.