Me and my partner are acquiring our first home. The lawyer has texted usto ask if we want to purchase supplemental conveyancing searches. As novices we in the dark as to what's relevant for conveyancing in Frenchay
The quantity and type of Frenchay conveyancing searches should be dictated primarily on the premises, the location, the possibility of any of these risks, your familiarity of the locality and risks, your overall approach to risk. What is important is that you properly appreciate what information the searches could provide. You may then decide if you personally think you need that information. Should you be in doubt, ask your conveyancing practitioner to guide you.
It is is a decade since I acquired my house in Frenchay. Conveyancing lawyers have now been instructed on the sale but I am unable to track down the title deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a chance that the deeds will be with your mortgage company or they could be in the possession of the conveyancers who acted in the purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. The vast majority of conveyancing in Frenchay relates to registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
A colleague suggested that if I am purchasing in Frenchay I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Frenchay conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Frenchay around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Frenchay Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Frenchay Education with plans and statistics, Local Amenities and other useful data concerning Frenchay.
four months have elapsed since my purchase conveyancing in Frenchay concluded. I have checked the Land Registry website which shows that I paid £200,000 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 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 Frenchay differ for newly converted properties?
Most buyers of new build premises in Frenchay contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Frenchay 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 conveyancers 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 used to new build conveyancing in Frenchay or who has acted in the same development.