Various web forums that I have frequented warn that are the number one reason for obstruction in Deanshanger conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Deanshanger.
4 months have elapsed since my purchase conveyancing in Deanshanger took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 residence 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 ground for flat up to £305k and found one round the corner in Deanshanger I like with amenity areas and railway links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Deanshanger for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can ask them to 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 consult your conveyancing lawyer about this.
How do I use the search tool to find a conveyancing lawyer in Deanshanger on the panel for my bank?
First choose a bank such as Accord Mortgages Ltd, Chelsea Building Society or Aldermore then specify your location for example Deanshanger. Conveyancing organisations in Deanshanger and nationally will then be listed.
As a tenant I am on the hook for a maintenance contribution for my ground floor flat in Deanshanger. As a result of personal circumstances I slipped into arrears with payments. The freeholders agreed a payment plan but there remains approximately £2000 currently outstanding.
I want to sell and I am concerned this could hold me back if I have to settle the arrears in advance. Do I have to settle before - is this achievable?
Do check with the lawyer handling your Deanshanger conveyancing but one option might be to agree for the arrears to be passed to the purchasers. The final price they pay would be reduced to reflect the amount of debt they take on. They could then pay the arrears post completion of the sale.