I am purchasing a new build flat in Dronfield. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Dronfield you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Dronfield.
It has been 3 months following my purchase conveyancing in Dronfield took place. I have checked the Land Registry website which shows that I paid £175,000 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.
Just had an offer accepted on a new build apartment in Dronfield. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Dronfield
The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Dronfield I like with a park and transport links nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Dronfield for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I have read on numerous consumer advice websites that when selecting a conveyancing solicitors they need approved by your bank. I am a FTB but I have an AIP with Halifax and I already have a bricks and morter conveyancing lawyer in Dronfield in place. Can Santander need an approved conveyancer to be selected? If so, where do I find that list for my conveyancing in Dronfield?
You should instruct a solicitor that is on the Santander panel. Just telephone your preferred Dronfield conveyancing lawyer and ask if they are on the Santander panel. If they are not on the panel you have numerous alternatives open to you here:
- Complete the deal with your chosen Dronfield lawyer but Santander will need to use a solicitor from their approved panel. This will result in additional cost together with potential delay.
- Get a fresh conveyancer to act in the purchase, not forgetting to check that they are on the Santander conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Santander panel of solicitors.