Should conveyancers request an advanced payment for my conveyancing in Castleford?
If you are buying a property in Castleford your solicitor will request that you put them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the Local Authority Search. When the down payment is payable against the purchase price then this should be asked for shortly in advance of exchange of contracts. The final balance that is needed will be payable shortly before completion.
I have been told that property searches are the number one reason for stalling in Castleford conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Castleford.
It has been five months since my purchase conveyancing in Castleford 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 asset 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 need to instruct a conveyancing solicitor in Castleford for my purchase. Is there any facility to see a solicitor's record with the legal regulator?
Members of the public can review documented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, phone 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 regulator could monitor call for training reasons.
We are in the middle of purchasing a property in Castleford. Conveyancing solicitor has called to say the title is "Leasehold". Should this make a difference on the marketability of the property?
Castleford conveyancing does not ordinarily involve leasehold houses. The main consideration here is the remaining lease term and the ground rent. If it's 999 years with a nominal rent, it's virtually freehold, so it shouldn't impact the saleability significantly.
At the other end of the spectrum, if it's, say, fifty five years it is bound to have a significant impact on the saleability, and most likely wouldn't be acceptable to the mortgage company. The remaining lease term and ground rent will be specified in the lease to be supplied to your lawyer.