It has been 2 months since my purchase conveyancing in Ambleside concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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 premises 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 am buying a new build apartment in Ambleside. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Ambleside

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared.

I decided to have a survey carried out on a property in Ambleside in advance of retaining solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend refuse to issue a mortgage on a flying freehold house.

It varies from the lender to lender. HSBC has different instructions from Halifax. If you e-mail us we can look into this further via 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 Ambleside. Conveyancing will be smoother if you use a solicitor in Ambleside especially if they are acquainted with such properties in Ambleside.

I am a negotiator for a busy estate agency in Ambleside where we see a number of leasehold sales put at risk due to short leases. I have received inconsistent advice from local Ambleside conveyancing firms. Could you confirm whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Ambleside Leasehold Conveyancing - A selection of Queries before buying

It is important to be aware if window replacement or some other major work is anticipated that will be shared amongst the tenants and may well dramatically impact the level of the service charges or result in a one time invoice. Be sure to discover if the the lease includes any onerous restrictions in the lease. For instance it is reasonably common in Ambleside leases that pets are not permitted in in a block in Ambleside. If you love the flatin Ambleside however your dog can’t move with you then you have a very hard choice.

Partway through the sale of a leasehold flat in Ambleside. Conveyancing solicitors are doing their job but we have been asked to pay an extortionate amount by the managing agents. So far we have forked out £275 for a leasehold management pack and then a further £118 for additional questions supplied by the purchaser's property lawyer.

You will not have control over the level of the charges for this information but the typical fee for the information for Ambleside leasehold premises is £360. For Ambleside conveyancing transactions it is standard for the seller to pay for these charges. The freeholder or their agents are under no statutory obligation to answer such questions although many will agree to do so - albeit often at high prices out of proportion to the work involved. Unfortunately there is no legislation that requires set charges for administrative tasks. Neither is there any set time frame by which they are duty bound to issue answers.