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Find a Stone Cross Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Stone Cross? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Stone Cross conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Stone Cross

It has been 4 months since my purchase conveyancing in Stone Cross concluded. 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 residence 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 purchasing a new build house in Stone Cross with the aid of help to buy. The builders would not budge the amount so I negotiated £7000 of extras instead. The sale representative told me not to tell my lawyer about the side-deal as it would adversely affect my mortgage with the lender. Is this normal?.

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 need to instruct a conveyancing lawyer in Stone Cross for my home move. Is it possible to check a firm’s record with the legal regulator?

You may search for documented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training requirements.

Are there common defects that you encounter in leases for Stone Cross properties?

Leasehold conveyancing in Stone Cross is not unique. All leases are unique and drafting errors can result in certain clauses are missing. The following missing provisions could result in a defective lease:

    A duty to insure the building A provision for the recovery of money spent for the benefit of another party.

You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Virgin Money, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the purchaser to pull out.

I own a studio flat in Stone Cross, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Stone Cross with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2088

With just 64 years left to run the likely cost is going to range between £14,300 and £16,400 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.

Should one remove a deceased person's details from the title deeds for a house in Stone Cross?

Where a Stone Cross property is jointly owned and one of the owners passes away, the name will not automatically be removed from the Land Registry title. It is not necessary to amend the title as in the event of a sale your conveyancer would just be asked to supply proof as to the reason the other owner is missing from the conveyance, normally this is in the form of a grant of probate.

With the aim of making things simpler in the future you can apply to have the deceased person erased from the title by submitting an application to HM Land Registry with proof of the death. There is no fee from the Registry for this service.

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