I am purchasing a property without a mortgage in Beddington. I have lived for the previous Seventeen years in Beddington. Conveyancing searches are a lot of money. As I know the road and vicinity intimately must I have all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Beddington conveyancing searches are at your discretion. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches carried out, but he has a professional duty to take that path of encouragement . One thing to take into account; if you are intend to dispose of the house one day, it could be of interest to your prospective purchaser what the searches determine. There are plenty of instances where premises with day to day issues can still show up adverse search results. A competent conveyancing solicitor in Beddington will be able to give you some helpful advice here.
I own a freehold residence in Beddington but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Beddington and has limited impact for conveyancing in Beddington but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
3 months have gone by since my purchase conveyancing in Beddington completed. 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.
How does conveyancing in Beddington differ for newly converted properties?
Most buyers of new build or newly converted property in Beddington come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Beddington typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Beddington or who has acted in the same development.
How do I search for a Beddington solicitor on the Barclays Direct conveyancing panel? I am a keen cyclist and am willing to travel upto 10kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please pick a lender and your location and you will see a number of Beddington conveyancing lawyers based on proximity. We have detailed some Beddington conveyancing firms towards the end of this page and you can call them to verify if they are on the Barclays Direct member panel