My family solicitor has sent a quote for £1200 for freehold conveyancing in Lickey End. I am selling a purpose built property for £300,000. This seems over the top. Is it above the norm for conveyancing in Lickey End?
The costs illustration is fractionally on the expensive side. Where you are willing to spend time comparing charges you may be able to get the conveyancing a bit cheaper by say £125. On the other hand, you couldcome to rue choosing an an unknown solicitor. If is important to ensure the conveyancer can also act for your bank. Do use our search tool to select a Lickey End conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Lickey End.
five months have elapsed following my purchase conveyancing in Lickey End completed. I have checked the Land Registry site which shows that I paid £150,000 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 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 Lickey End differ for newly converted properties?
Most buyers of new build premises in Lickey End come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Lickey End usually purchase 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 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 Lickey End or who has acted in the same development.
I am looking for a flat up to £235,500 and identified one round the corner in Lickey End I like with open areas and station nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Lickey End in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
Should I be worried if there is an issue with the searches conducted as part of our conveyancing in Lickey End?
Usually, almost all problems that arise in Lickey End conveyancing search results can be dealt with ahead of completion or indemnity insurance can be put in place. It is crucial to remember that although you intend on purchasing the property and might be content to live with the search results, your building society or bank may not, and ultimately the decision rests with them.