We are due to exchange buying a house in Sandbanks but as a consequence of damage from some water damage at the property I have was able negotiate recompense from the owner of £3k by way of a deduction in the price. I had intended this to be dealt with as part of amending the contract yet Yorkshire BS are not allowing this. Should they have been notified?
The conveyancing practitioner being on a Yorkshire BS approved list is required to inform Yorkshire BS of any amendments to the sale price. If you were to refuse your conveyancing practitioner to report the reduction to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new conveyancing practitioner for your conveyancing in Sandbanks.
Our bank has suggested a law firm on their panel based in Sandbanks but I would rather use a conveyancing lawyer in Sandbanks or nearer to where I live. Can you assist?
It is by no means the case that all Sandbanks conveyancing practitioners are on all lender’s conveyancing panel. Do make use of the above search tool to locate a Sandbanks conveyancing solicitor on the on the bank panel.
It has been five months following my purchase conveyancing in Sandbanks completed. I have checked the Land Registry site which shows that I paid £200,000 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 Sandbanks differ for new build properties?
Most buyers of new build property in Sandbanks come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Sandbanks tend to acquire 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 Sandbanks or who has acted in the same development.
Back In 2008, I bought a leasehold house in Sandbanks. Conveyancing and Chelsea Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Sandbanks who acted for me is not around. What should I do?
First make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. There is no need to instruct a Sandbanks conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Sandbanks Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
What restrictions are contained in the Sandbanks Lease? How many of the leaseholders are in arrears for their maintenance charge payments?