three months have gone by since my purchase conveyancing in Cleethorpes took place. I have checked the Land Registry website 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.
Due to the guidance of my in-laws I had a survey completed on a property in Cleethorpes prior to retaining solicitors. I have been informed that there is a flying freehold element to the house. My surveyor advised that some lenders may refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Cleethorpes. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cleethorpes to see if the conveyancing costs will increase in light of this.
In sourcing the world wide web for the term cheap conveyancing in Cleethorpes it reveals numerous solicitorsin the vicinity. With so much choice what is the best way to find the right property lawyer for my move?
The best way of choosing a suitable conveyancer is through a trusted testimonial, so enquire of colleagues and family who have bought a property in Cleethorpes or a local estate agent or mortgage broker. Charges for conveyancing in Cleethorpes vary, so it's sensible to secure a minimum of four fee calculations from different conveyancers. Be sure to secure confirmation that the fees are fixed.
What are your top tips when it comes to finding a Cleethorpes conveyancing practice to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Cleethorpes conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Cleethorpes 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:
Can they put you in touch with clients in Cleethorpes who can give a testimonial? If they are not ALEP accredited then why not?
I invested in buying a leasehold flat in Cleethorpes, conveyancing was carried out in 2009. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Cleethorpes with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 yearly. The lease expires on 21st October 2076
You have 57 years remaining on your lease we estimate the price of your lease extension to be between £28,500 and £33,000 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
My conveyancing in Cleethorpes is completing this Friday, yet the person I am buying off wants to move out 24 hours later at noon. Can I agree to this?
Where you need a loan then your conveyancing practitioner will require that you have vacant possession on Friday - the bank will compel it.