Do I need to take out insurance to protect me from financial exposure to chancel repairs when buying a property in Badsey?
Unless a prior purchase of the house completed after 12 October 2013 you can expect solicitors handling conveyancing in Badsey to remain encouraging a chancel search and or chancel repair liability policy.
2 months have elapsed following my purchase conveyancing in Badsey took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 have been on the look out for a flat up to £245,000 and found one near me in Badsey I like with a park and transport links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Badsey in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage that many years may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I have been advised by numerous selling agents in Badsey to locate a conveyancer on your site. Is there a financial inducement for Estate Agents to market your site ahead of another?
We don’t offer any financial incentive for sending work our way. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We are one month into a leasehold purchase having been directed to solicitors by the local agent to perform conveyancing in Badsey. I am not happy. Can you you assist me in finding new lawyers?
A solicitor would have to be very poor in order to consider changing them. Has the mortgage offer been generated? If so you need to advise them of the replacement conveyancer and ensure the loan are issued to the new lawyers. Your solicitor ideally needs to be on the mortgage company approved list to avoid escalating expenses and complications. So that should be your starting point. The find a solicitor tool should assist you in finding a bank approved lawyer for your home move in Badsey