four months have gone by following my purchase conveyancing in Bilston concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. 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 Bilston differ for new build properties?
Most buyers of new build or newly converted property in Bilston come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Bilston tend to buy 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 conveyancers 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 Bilston or who has acted in the same development.
I decided to have a survey completed on a house in Bilston ahead of retaining solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some banks tend not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bilston. Conveyancing may be slightly more expensive based on your lender's requirements.
My company is planning to take an assignment of a lease of a shop on a shopping parade. Can you recommend conveyancers offering no-move-no charges for commercial conveyancing in Bilston for below 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Bilston, including the sale and purchase of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the costs this will depend on the structure and complexity of the proposed transaction. Please provide us with your contact information or email so as to enable us to provide you with comprehensive commercial conveyancing quote.
We are looking to purchase a repossessed flat in Bilston and the vendor require completion inside a week. Can a conveyancing practitioner meet that timeframe? Would it be better to use a local Bilston firm or an online organisation that advertises to complete quickly?
Visit your Bilston shopping parade. Pop in to two or three firms and request to talk to a conveyancing solicitor for a quote. Discuss your needs and get assurances on speed. Choose the firm that comes across as most efficient. You need to choose a property lawyer on the list of conveyancers who can act for your lender.