I require quick conveyancing in Norwich as I am under a deadline to complete in less than 4 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to have searches conducted although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Norwich the following are examples of what can crop up and therefore affect future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
three months have gone by following my purchase conveyancing in Norwich concluded. I have checked the Land Registry site which shows that I paid £175,000 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 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.
I am buying a new build apartment in Norwich. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Norwich
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I decided to have a survey carried out on a house in Norwich in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend not issue a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Norwich. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Norwich to see if the conveyancing will be more expensive.
Looking forward to exchange soon on a studio apartment in Norwich. Conveyancing lawyers assured me that they will have a report out to me within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Norwich should include some of the following:
Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? You need to be informed what constitutes a Nuisance as far as the lease is concerned Repair and maintenance of the property Setting out your legal entitlements in respect of the communal areas in the building.By way of example, does the lease provide for a right of way over a path or staircase? Responsibility for repairing the window frames
Norwich Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying
Best to be warned whether redecorating or some other significant cost is coming up that will be shared amongst the tenants and may well materially impact the level of the maintenance fees or result in a one time payment. How much is the annual maintenance fee and ground rent? It would be wise to enquire if there are any onerous restrictions in the lease. For example some leases prohibit pets being permitted in in a block in Norwich. If you love the flatin Norwich however your dog is not allowed to live with you then you will be faced difficult choice.