I am in a contract race with another prospective purchaser for a property in Dalston. What can I do to expedite matters?

Where the seller is applying pressure for your conveyancing it is advisable to make sure that your lawyer is familiar with the area as they will benefit local contacts and insight. It is possible that they could have handled otherproperties in the same neighbourhood. You would be best advised to use a Dalston conveyancing firm. In addition, be sure that the lawyer is on the member panel. It is believed that 18% of Dalston conveyancing transactions are held up or jeopardised after discovering a purchaser’s conveyancer was not on their banks panel. In many cases this discovery resulted in the transaction being delayed by almost three weeks. It is believed that this issue impacts in the region of one hundred thousand home sales annually. Many Dalston conveyancing practices can not act for certain lenders so do check at the outset.

Can I use your services to recommend a Conveyancing solicitor in Dalston even where I’m not buying or disposing of a house, for example where I wish to acquire an office in Dalston with a loan from Bank of Scotland?

Our comparison service is mainly utilised to select domestic conveyancing solicitors in Dalston but we have recorded at the end of this page a selection of Dalston commercial conveyancing firms. You should speak with the company directly to check if they are also authorised to represent Bank of Scotland

Will our lawyer be asking questions concerning flooding during the conveyancing in Dalston.

The risk of flooding is if increasing concern for conveyancers conducting conveyancing in Dalston. Plenty of people will buy a property in Dalston, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Lawyers are not qualified to impart advice on flood risk, but there are a number of checks that can be carried out by the purchaser or by their lawyers which can give them a better understanding of the risks in Dalston. The standard completed inquiry forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual question of the seller to discover whether the property has historically flooded. In the event that flooding has previously occurred which is not revealed by the owner, then a purchaser may issue a claim for damages resulting from an misleading answer. A buyer’s solicitors may also commission an environmental search. This will indicate whether there is a recorded flood risk. If so, more detailed investigations should be carried out.

2 months have gone by following my purchase conveyancing in Dalston concluded. I have checked the Land Registry website which shows that I paid £175,000 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 property 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 am looking for a flat up to £195,000 and found one close by in Dalston I like with open areas and station in the vicinity, however it only has 61 years on the lease. There is not much else in Dalston for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.