Is there a reason why leasehold purchase conveyancing in Bedfordshire is more expensive?
The conveyancing costs on a leasehold property in Bedfordshire is inevitably higher than on a freehold residence. This is due to the supplemental time necessary in dealing with the landlord and management company to collate the information about whether the rent and maintenance fee have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
It has been four months following my purchase conveyancing in Bedfordshire took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 newly converted properties?
Most buyers of new build residence in Bedfordshire contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Bedfordshire tend to acquire 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 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 Bedfordshire or who has acted in the same development.
Is it best to choose a Bedfordshire conveyancing practitioner in close proximity to the house I am purchasing? We have a good friend who can execute the legal formalities however his firm is located 200kilometers away.
The benefit of a local Bedfordshire conveyancing practice is that you can drop in to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. Having local Bedfordshire know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that must outweigh using an unfamiliar Bedfordshire conveyancing solicitor solely due to them being local.
I am an executor of my recently deceased aunt’s Will, with a house in Bedfordshire which is to be marketed. The property is unregistered at the Land Registry and I'm advised that some purchasers will insist that it is in place before they will move forward. What's the mechanism for this?
In the circumstances that you have set out it seems prudent to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.