I have given 8 weeks notice to my existing landlord and have to vacate my let out apartment in Carmel by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in a couple of weeks as I wish to avoid having to move into short term accommodation?
Generally one should not provide notice for your tenancy unless exchange of contracts has taken place. Assuming that you have not already done so, update to your solicitor and request that they apply pressure on the sellers lawyers, try to a target completion date that everyone will work towards
A friend recommended that if I am purchasing in Carmel I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Carmel conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Carmel around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Carmel.
3 months have elapsed following my purchase conveyancing in Carmel completed. 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 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 Carmel differ for new build properties?
Most buyers of new build property in Carmel approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Carmel tend to purchase 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 property lawyers 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 Carmel or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Carmel in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders may not give a mortgage on such a house.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. If you contact us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Carmel. Conveyancing may be slightly more expensive based on your lender's requirements.