It has been 4 months since my purchase conveyancing in Mere 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 Mere differ for new build properties?
Most buyers of new build premises in Mere contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Mere usually purchase the land, 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 property lawyers 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 Mere or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Mere is the location of the property. What do you suggest?
Flying freeholds in Mere are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Mere you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mere may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I have been advised by numerous selling agents in Mere to find a property lawyer using your seach tool. What’s the financial upside for Estate Agents to offer your lawyers rather than alternative conveyancing organisations?
We don’t offer any financial incentive for directing people to this site. We found it would be just too difficult to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
We are one month into a residential purchase having been referred to a firm by the selling agent to handle our conveyancing in Mere. I am am extremely frustrated with the level of service. Could you you assist me in finding new solicitors?
They would have to be very bad in order to consider diss instructing them. Has your mortgage been sent? If so you will need to inform them of the new contact details and ensure the mortgage documents are issued to the new lawyers. Your new solicitor ideally should be on the mortgage company approved list to avoid added costs and complications. So that should be your first question of the new lawyers. Our search tool will help you find a bank approved solicitor for your conveyancing in Mere