four months have gone by since my purchase conveyancing in Cumberland took place. I have checked the Land Registry site which shows that I paid £150,000 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 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.
How does conveyancing in Cumberland differ for new build properties?
Most buyers of new build premises in Cumberland approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Cumberland tend to acquire the real estate, 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 accustomed to new build conveyancing in Cumberland or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Cumberland is where the house is located. Can you shed any light on this issue?
Flying freeholds in Cumberland are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cumberland you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cumberland may decide 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.
In searching the internet for the phrase conveyancing in Cumberland it shows results of many property lawyerslocally. With so much choice what is the best way to find the right solicitor for the sale of my house?
The ideal way of choosing a suitable conveyancer is via personal referral, so ask colleagues and those you trust who have acquired a property in Cumberland or the local estate agent or mortgage broker. Costs for conveyancing in Cumberland vary, so it's advisable to secure a minimum of three estimates from different property lawyers. Be sure to secure confirmation that the costs are assured not to rise.
The solicitors undertaking our conveyancing in Cumberland has forwarded documents to review that reveal that the property is unregistered with epitome documents. How can it be that the property not currently recorded at HM Land Regsitry?
It is unusual for property in Cumberland not to be registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Cumberland conveyancing practitioners should be capable of dealing with such matters but in the event that uncertainty prevails the conventional advice presently seems to be for the seller to register it first and thereafter sell - this can though naturally result in a significant delay.