3 months have elapsed following my purchase conveyancing in Locks Heath completed. I have checked the Land Registry website which shows that I paid £150,000 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 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Locks Heath prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks may refuse to give a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you e-mail us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Locks Heath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Locks Heath to see if the conveyancing will be more expensive.
Is it possible to change conveyancer as I have to instruct one who is on the Lloyds TSB Bank conveyancing panel. I was using a family conveyancing solicitor in Locks Heath round the corner but he is not accepted by Lloyds TSB Bank
We will our best to assist in finding you a conveyancing solicitor in Locks Heath on the Lloyds TSB Bank panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Locks Heath. Using search facility on this website, you can contrast fees for conveyancing solicitors in Locks Heath and beyond.
I am four weeks into a residential purchase having been recommend to a firm by the local agent to perform conveyancing in Locks Heath. We are not happy. Could you you assist me in finding new lawyers?
They would need to be very poor to suggest diss instructing them. Has the mortgage offer been issued? If so you need to inform them of the new contact details and ensure the mortgage documents are re-issued. The solicitor ideally should be on the banks panel to avoid supplemental expenses and frustration. So that should be your starting point. Our search tool will help you find a bank approved lawyer for your home move in Locks Heath
I've recently bought a leasehold flat in Locks Heath. Do I have any liability for 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. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure 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).
Locks Heath Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
How is the lease structured? What prohibitions are there in the Locks Heath Lease? How much is the service charge and ground rent on the apartment?