I need some quick conveyancing in Greenfield as I am under a deadline to sign on the dotted line inside 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not getting a home loan you are at free not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Greenfield the following are instances of what can be revealed and therefore affect future saleability: Enforcement Notices, Outstanding Charges, Overdue Grants, Unadopted Roads,...
It has been five months since my purchase conveyancing in Greenfield took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 Greenfield differ for newly converted properties?
Most buyers of new build premises in Greenfield approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Greenfield usually acquire 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 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 Greenfield or who has acted in the same development.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Greenfield I like with open areas and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Greenfield suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
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At this site get an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Greenfield. As opposed to estate agents and brokerage sites we do not charge firms a commission if you select them for your property ownership legalities in Greenfield