It has been 3 months following my purchase conveyancing in Perry Barr completed. I have checked the Land Registry site which shows that I paid £175,000 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 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'm purchasing my first flat in Perry Barr benefiting from help to buy. The sellers would not move on the price so I negotiated £7000 of additionals instead. The sale representative suggested that I not reveal to my solicitor about this side-deal as it could jeopardize my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my home. My previous solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Perry Barr if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Perry Barr. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I've recently bought a leasehold house in Perry Barr. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee 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).
I own a 1st floor flat in Perry Barr, conveyancing having been completed 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Perry Barr with an extended lease are worth £201,000. The ground rent is £45 yearly. The lease expires on 21st October 2084
With just 65 years remaining on your lease we estimate the premium for your lease extension to span between £13,300 and £15,400 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
What are the distinct benefits to selecting a high street conveyancing practitioner in Perry Barr
Home movers in Perry Barr select a nearby high street lawyer so that they can visit in the event that they have problems, and to sign paperwork rather taking the chance in relying on the post.
There is a distinct advantage when opting for a property lawyer local to a house you are planning to purchase, due to the familiarity of the region and potential local concerns - however this is moot. Most conveyancers are now online and may be anywhere in the world.