Finally the sale completed on my house in Bedworth last May but the buyer keeps calling daily to moan that his solicitor is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your sale your lawyer should deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. If applicable, your lawyer must also evidence that the mortgage has been repaid to the buyers lawyers. There are no post completion steps peculiar conveyancing in Bedworth.
four months have gone by since my purchase conveyancing in Bedworth concluded. I have checked the Land Registry website which shows that I paid £150,000 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.
How does conveyancing in Bedworth differ for new build properties?
Most buyers of new build residence in Bedworth approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because new home sellers in Bedworth tend to acquire the land, 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 accustomed to new build conveyancing in Bedworth or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Bedworth I like with open areas and transport links in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in Bedworth suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
Do banks and building societies provide you with an approved list of Bedworth solicitors? How do you know who is on the lender conveyancing panel?
Bedworth law firm practices and firms carrying out conveyancing in Bedworth themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.