Do I need to take out insurance to address the risk of chancel repairs when acquiring a property in Bedfordshire?
Unless a prior purchase of the property completed post 12 October 2013 you may take it that conveyancing practitioners handling conveyancing in Bedfordshire to remain recommending a chancel search and or insurance against a claim.
It has been three months following my purchase conveyancing in Bedfordshire completed. I have checked the Land Registry site which shows that I paid £175,000 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 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.
How does conveyancing in Bedfordshire differ for new build properties?
Most buyers of new build property in Bedfordshire approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Bedfordshire usually purchase the real estate, 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 property lawyers 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 Bedfordshire or who has acted in the same development.
I need to appoint a conveyancing solicitor for purchase conveyancing in Bedfordshire. I have stumble upon a site which looks to be the ideal answer If there is a chance to get all formalities done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just started marketing my garden apartment in Bedfordshire. Conveyancing has not commenced, but I have recently received a quarterly service charge demand – Do I pay up?
The sensible thing to do is pay the invoice as usual because all rents and maintenance payments will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a garden flat in Bedfordshire, conveyancing was carried out 7 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Bedfordshire with a long lease are worth £227,000. The ground rent is £50 invoiced annually. The lease terminates on 21st October 2090
With only 72 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.