Various web forums that I have visited warn that are the number one reason for obstruction in Haydon Bridge house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Haydon Bridge.
4 months have elapsed following my purchase conveyancing in Haydon Bridge completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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.
How does conveyancing in Haydon Bridge differ for newly converted properties?
Most buyers of new build or newly converted property in Haydon Bridge approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Haydon Bridge typically 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 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 Haydon Bridge or who has acted in the same development.
Last July I purchased a leasehold flat in Haydon Bridge. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a 1 bedroom flat in Haydon Bridge, conveyancing was carried out March 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Haydon Bridge with an extended lease are worth £202,000. The ground rent is £60 invoiced every year. The lease ceases on 21st October 2074
With only 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
My wife and I have recently appointed a conveyancing solicitor in Haydon Bridge. I I would like to check if they are listed on the lender's conveyancing panel. Can you advise?
You should contact your lawyer to enquire if they are on the bank's approved list. Alternatively please get in touch with us and we can make some checks for you. Should the firm not be on the conveyancing panel we we can help find a reputable conveyancing solicitor in Haydon Bridge on the approved list for your lender.