It has been four months since my purchase conveyancing in Burton Bradstock completed. I have checked the Land Registry website 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 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 Burton Bradstock differ for new build properties?
Most buyers of new build premises in Burton Bradstock approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because house builders in Burton Bradstock typically buy 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 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 accustomed to new build conveyancing in Burton Bradstock or who has acted in the same development.
Is it simple use your search app to select a conveyancing practitioner in Burton Bradstock on the approved list for my mortgage?
First choose a bank such as Barclays , The Royal Bank of Scotland or Clydesdale then specify your preferred area for instance Burton Bradstock. Conveyancing practices in Burton Bradstock and beyond should be shown.
I have been sourcing a conveyancing lawyer in Burton Bradstock for my house move. Is it possible to review a firm’s record with the profession’s regulator?
Members of the public can read published Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA may monitor call for training requirements.
I have just started marketing my basement apartment in Burton Bradstock. Conveyancing is yet to be initiated, however I have recently received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as usual because all ground rent and service charges will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.
I purchased a 1st floor flat in Burton Bradstock, conveyancing having been completed in 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Burton Bradstock with a long lease are worth £216,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2094
You have 69 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.