Unfortunately I am unable to travel far from Hazlemere. Can you please clarify why all Hazlemere conveyancing practitioners aren't automatically on all bank panels?
As unjust as it may appear for banks to restrict who can represent them, from the public’s or conveyancer’s perspective, the other side of the coin is that mortgage companies are increasingly anxious and feel it essential to protect them against illegal activities. As a consequence of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
We are planning to purchase with Melton Mowbray Building Society. I went into a few local firms yet am struggling to find a Hazlemere conveyancing firm on the Melton Mowbray Building Society approved list. Please you assist?
Feel free to make the most of the search tool on this site. Please choose the lender and type Hazlemere or your location and you will be presented with a number of lawyer located in Hazlemere or near you.
three months have gone by following my purchase conveyancing in Hazlemere completed. I have checked the Land Registry website which shows that I paid £150,000 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 premises 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 Hazlemere differ for new build properties?
Most buyers of new build or newly converted property in Hazlemere approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Hazlemere typically purchase 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 accustomed to new build conveyancing in Hazlemere or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and found one near me in Hazlemere I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Hazlemere suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.