My wife and I are looking to buy a flat in Storrington and are in fact using a Storrington conveyancing practice. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. have this afternoon contacted us to inform me that they have now hit a problem as our Storrington solicitor is not on their approved list of lawyers. What do we do from here?

If you are buying a property with the assistance of a mortgage it is normal for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Storrington lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.

It has been 4 months since my purchase conveyancing in Storrington 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.

About to purchase a new build flat in Storrington. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Storrington

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold 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?

Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one near me in Storrington I like with a park and transport links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Storrington suitable, so just wondered if I would be making a grave error purchasing a short lease?

If you need a home loan the shortness of the lease may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.

Am I better off to use a Storrington conveyancing practitioner who is local to the property I am purchasing? I have an old university friend who can conduct the legal formalities however her office is 400miles away.

The primary upside of using a local Storrington conveyancing firm is that you can pop in to sign paperwork, deliver your identification documents and pester them where appropriate. They will also have local insight which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and the majority were content that must outweigh using an unknown Storrington conveyancing solicitor solely due to them being round the corner.