five months have gone by since my purchase conveyancing in Malpas took place. I have checked the Land Registry website which shows that I paid £200,000 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 Malpas differ for new build properties?
Most buyers of new build property in Malpas approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Malpas tend to 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 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 used to new build conveyancing in Malpas or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Malpas I like with a park and transport links nearby, however it only has 52 remaining years left on the lease. There is not much else in Malpas for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
How do I use the search tool to find a conveyancing lawyer in Malpas on the authorised to act for my mortgage?
First pick a mortgage company such as HSBC Bank, Coventry Building Society or Barclays Direct then type in your location e.g. Malpas. Conveyancing organisations in Malpas and nationally should be shown.
My husband and I are first time buyers - had an offer accepted, yet the property agent told us that the vendor will only proceed if we instruct their preferred conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer used to conveyancing in Malpas
It is highly unlikely the vendors are behind this. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you intend to use your own,trusted Malpas conveyancing solicitors - not the ones that will provide the negotiator at the agency a referral fee or hit his conveyancing figures pre-set by senior management.