I need some fast conveyancing in Stockton Heath as I am under a deadline to sign on the dotted line within one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are not taking a mortgage you are at free not to have searches carried out although no lawyer would advise that you don't. With plenty of history conveyancing in Stockton Heath the following are examples of what can be revealed and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
It has been three months since my purchase conveyancing in Stockton Heath completed. I have checked the Land Registry site which shows that I paid £200,000 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 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.
I am buying a new build flat in Stockton Heath. 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 conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Stockton Heath
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Stockton Heath is the location of the property. Can you shed any light on this issue?
Flying freeholds in Stockton Heath are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stockton Heath you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stockton Heath may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
What advice can you give us when it comes to finding a Stockton Heath conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Stockton Heath conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Stockton Heath conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
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If they are not ALEP accredited then what is the reason? Can they put you in touch with clients in Stockton Heath who can give a testimonial?
Stockton Heath Leasehold Conveyancing - Examples of Questions you should consider before Purchasing
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How many years are left on the lease? Most Stockton Heath leasehold apartments will be liable to pay a service charge for maintenance of the block levied on behalf of the freeholder. If you acquire the flat you will have to meet this liability, normally in instalments during the year. This can differ from a few hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a rentcharge for you to pay annual, normally this is not a significant amount, say approximately £50-£100 but you need to enquire it because sometimes it could be surprisingly expensive. Is the freehold reversion owned jointly by the tenants?