I am in need of a conveyancer. Do I opt for a national conveyancer as opposed to a family Finningley conveyancing lawyer?

Generally conveyancing solicitors in your location will have good relationships with your local authority, which can help with the Finningley conveyancing searches that your lawyer will require. It can only be a plus if they have existing connections with the Local Land Registry Office your area Finningley, other lawyers in the location and Finningley selling agents.

I own a freehold property in Finningley yet charged rent, why is this and what is this?

It’s unusual for properties in Finningley and has limited impact for conveyancing in Finningley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

It has been 3 months since my purchase conveyancing in Finningley 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 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.

How does conveyancing in Finningley differ for newly converted properties?

Most buyers of new build property in Finningley approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Finningley tend to buy 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 Finningley or who has acted in the same development.

Can you offer any advice when it comes to finding a Finningley conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a conveyancer for lease extension works (regardless if they are a Finningley conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non Finningley conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:

If the firm is not ALEP accredited then why not?

Leasehold Conveyancing in Finningley - Examples of Questions you should consider before buying

What is the annual service fee and ground rent? Is anyone aware of any major works in the near future that will add a premium to the service fees? Are any of leasehold owners in arrears of their service charge payments?