My relative advised me that if I am purchasing in Great Linford I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Great Linford conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Great Linford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Great Linford Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information regarding Great Linford.
2 months have elapsed following my purchase conveyancing in Great Linford took place. 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 Great Linford differ for new build properties?
Most buyers of new build property in Great Linford come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Great Linford usually buy the site, 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 conveyancing solicitors 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 Great Linford or who has acted in the same development.
I decided to have a survey done on a house in Great Linford ahead of instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor advised that some banks tend not grant a mortgage on such a house.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Great Linford. Conveyancing will be smoother if you use a solicitor in Great Linford especially if they are familiar with such properties in Great Linford.
How and when do I incur the Stamp Duty Land Tax payable for my purchase in Great Linford?
The conveyancing practitioner should complete a Land Transaction Return Form for you as part of your Great Linford purchase transaction for signature. After completion your solicitor will submit your STL application to the Tax Authorities and - as long as they have the funds - discharge any land tax due on your behalf.