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Ready to buy a new home in Cannock? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Cannock transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Cannock

Our family lawyer has sent a quote for £1200 for fixed fee conveyancing in Cannock. I am hoping to downsize from a purpose built detached home for £250,000. This seems over the top. Is it above what I should be paying for conveyancing in Cannock?

The estimate does seem a tad overpriced. If you are content to expend time comparing costs you might get the conveyancing a bit cheaper by perhaps £125. That being said, you maycome to regret opting for an a cheaper conveyancer. Remember to ensure that the firm can act for your bank. Do employ our search tool to get a quote a Cannock conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Cannock.

It has been three months since my purchase conveyancing in Cannock concluded. I have checked the Land Registry site which shows that I paid £200,000 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 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.

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Cannock is the location of the property. Can you offer any assistance?

Flying freeholds in Cannock are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cannock you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cannock may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

Is it best to instruct a Cannock conveyancing practitioner in close proximity to the house I am purchasing? We have a good friend who can conduct the conveyancing however her office is 400miles away.

The benefit of a local Cannock conveyancing practice is that you can visit the firm to sign documents, hand in your identification documents and pester them where appropriate. They will also have local insight which is a plus. However it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and the majority were impressed that must surpass using an unknown Cannock conveyancing solicitor solely due to them being round the corner.

I am a negotiator for a long established estate agency in Cannock where we have witnessed a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have received contradictory information from local Cannock conveyancing firms. Please can you confirm whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Leasehold Conveyancing in Cannock - Examples of Queries before Purchasing

    It is important to be aware if window replacement or some other major work is pending that will be shared by the tenants and will materially impact the level of the maintenance fees or require a one time invoice. How many years remain on the lease? How much is the ground rent and service charge?

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Find out more about how flying freehold can affect your the value of a property.