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Recently asked questions about conveyancing in Plymstock

Willinstructing a Plymstock conveyancing practice make the legal process smoother?

Generally conveyancing lawyers in your location will have excellent alliances with your local authority, which can help with your Plymstock conveyancing searches that your lawyer will inevitably need. It also helps if they have good rapport with the Land Registry covering your area Plymstock, other lawyers in the area and Plymstock Estate Agents.

I am close to exchanging contracts on the sale of our property in Plymstock and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers are using a national conveyancing outfit rather than a conveyancing solicitor in Plymstock. Having lived in Plymstock for 5 years we know of no issue. Do we get in touch with our local Authority to get confirmation that the buyers are looking for.

It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)

five months have elapsed since my purchase conveyancing in Plymstock completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 premises 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 Plymstock differ for newly converted properties?

Most buyers of new build residence in Plymstock come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Plymstock typically acquire 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 Plymstock or who has acted in the same development.

Last March I purchased a leasehold flat in Plymstock. Am I liable to pay service charges relating to a period prior to my ownership?

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).

Plymstock Conveyancing for Leasehold Flats - A selection of Queries before buying

    Is the freehold reversion owned jointly by the tenants? What restrictions exist in the Plymstock Lease? Who manages the building?

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