Are the BSA planning on creating a online directory to list firms on the Loughborough BS conveyancing panel for example in Bishops Lydeard?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
five months have gone by following my purchase conveyancing in Bishops Lydeard took place. I have checked the Land Registry site which shows that I paid £175,000 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 residence 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.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Bishops Lydeard I like with open areas and transport links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Bishops Lydeard in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
We're novice buyers - had an offer accepted, yet the agent advised that the vendor will only go ahead if we use their preferred conveyancers as they want an ‘expedited deal’. We would rather use a high street solicitor accustomed to conveyancing in Bishops Lydeard
It is unlikely the vendors are behind this. If they require ‘a quick sale', turning down a serious buyer is is going to put the whole deal at risk. Try to communicate with the owners directly and make sure they understand (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Bishops Lydeard conveyancing firm - rather thanthose that will provide their estate agent a referral fee or hit his conveyancing targets demanded by HQ.
What advice can you give us when it comes to appointing a Bishops Lydeard conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Bishops Lydeard conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Bishops Lydeard conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
What volume of lease extensions have they completed in Bishops Lydeard in the last twenty four months?
Bishops Lydeard Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying
It would be wise to discover as much as you can about the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to daily issues such as the cleanliness of the common parts. Enquire of other tenants if they are happy with their service. On a final note, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and precisely what it includes. How many of the leaseholders are in arrears for their service charge payments? What is the name of the managing agents?