It has been 2 months since my purchase conveyancing in Cullompton completed. I have checked the Land Registry website which shows that I paid £150,000 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 property 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.

I'm purchasing a new build house in Cullompton with a mortgage from The Royal Bank of Scotland. The builders would not move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my conveyancer about this side-deal as it would put at risk my loan with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Due to the encouragement of my in-laws I had a survey completed on a house in Cullompton before instructing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some lenders will not give a loan on a flying freehold house.

It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Cullompton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cullompton to see if the conveyancing costs will increase in light of this.

Can you provide any top tips for leasehold conveyancing in Cullompton with the purpose of speeding up the sale process?

• A significant proportion of the delay in leasehold conveyancing in Cullompton can be reduced where you appoint lawyers the minute your agents start advertising the property and ask them to collate the leasehold documentation which will be required by the buyers’ conveyancers.
The majority of landlords or managing agents in Cullompton levy fees for providing management packs for a leasehold home. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Cullompton. If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Cullompton state that internal structural changes or installing wooden flooring calls for a licence from the Landlord acquiescing to such alterations. Where you fail to have the approvals to hand do not communicate with the landlord without checking with your lawyer in the first instance. You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the remaining number of years is under 75 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If there is a history of conflict with your landlord or managing agents it is essential that these are settled prior to the flat being put on the market. The buyers and their solicitors will be warry about purchasing a property where a dispute is ongoing. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to present the dispute as over as opposed to ongoing.

Cullompton Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying

Please note if it is no more than eighty years it will impact the salability of the apartment. Check with your mortgage company that they are content with the length of the lease. A short lease means that you will almost definitely need a lease extension at some point and it is worth discovering how much this will be. Remember, in most cases you would be required to have been the owner of the premises for 24 months in order to be legally able to carry out a lease extension. The best form of lease structure is if the freehold reversion is owned by the leaseholders. In this scenario the lessees enjoy being in charge if their destiny and although a managing agent is often retained where the building is larger than a house conversion, the managing agent retained by the leaseholders. How many of the leaseholders are in arrears for their maintenance charge payments?

My partner is buying a shared ownership flat in Cullompton. He has received a fee estimate by the property lawyer connected to the estate agents and it came to £1250 . It was 9 years ago I sold and purchased a house and the fee was £450. Have charges really gone up that much?

You should call a few local Cullompton conveyancing solicitors seeking prices. It is advisable to base your decision not only on cost, but on promptness and on how comprehensive the reply was.