When will exchange of contracts occur in sale conveyancing in Silsoe and do I need to be at the lawyers branch?
If you are round the corner to one of the conveyancing solicitors in Silsoe you are invited in to sign the paperwork. However, the law practices we recommend offer a national conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not the important part. Signing on the dotted line simply enables the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Silsoe)to be in the office available at the end of the phone to exchange contracts.
It has been 3 months since my purchase conveyancing in Silsoe took place. I have checked the Land Registry website 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 Silsoe differ for new build properties?
Most buyers of new build premises in Silsoe contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because builders in Silsoe tend to purchase 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 accustomed to new build conveyancing in Silsoe or who has acted in the same development.
I need to instruct a conveyancing solicitor for purchase conveyancing in Silsoe. I've discover a site which seems to have the perfect solution If it is possible to get all formalities done via email that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold flat in Silsoe. Conveyancing and Platform Home Loans Ltd mortgage went though with no issue. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Silsoe who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. You do not need to instruct a Silsoe conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Silsoe - Sample of Queries before buying
Are there any major works on the horizon that will likely add a premium to the maintenance costs? Most Silsoe leasehold flats will have a service bill for maintenance of the building levied on behalf of the management company. Should you purchase the property you will have to meet this charge, normally quarterly throughout the year. This may be anything from several hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay yearly, normally this is not a exorbitant figure, say approximately £50-£100 but you should to enquire it because on occasion it could be surprisingly expensive. It would be wise to find out as much as possible regarding the company managing the block as they can either make your life much easier or much more difficult. As the owner of a leasehold property you are frequently at the mercy of the managing agents from a financial perspective and when it comes to daily matters like the tidiness of the communal areas. Don't be afraid to ask other tenants what they think of their management. On a final note, investigate as to the dates that the maintenance charges are due to the appropriate party and specifically how they are spending the funds.