We're in Tedburn St Mary, First timers purchasing with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
It has been five months since my purchase conveyancing in Tedburn St Mary concluded. I have checked the Land Registry website which shows that I paid £175,000 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.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Tedburn St Mary I like with a park and railway links in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Tedburn St Mary in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
We are four weeks into a leasehold purchase having been recommend to conveyancers by the local agent to perform conveyancing in Tedburn St Mary. I am not happy. Can you you assist me in finding new solicitors?
They would need to be really poor to suggest diss instructing them. Has the mortgage offer been issued? In the event that it has you will need to make them aware of the new contact details and ensure the offer are re-sent. Your new solicitor ideally needs to be on the lenders approved list to avoid escalating charges and frustration. That should be your first question of the new conveyancers. The search tool should help you find a lender approved conveyancer for your home move in Tedburn St Mary
I have finally had an offer on an maisonette in Tedburn St Mary accepted, the vendor does however have an associated purchase. The sellers have offered on a property, however it’s not yet agreed to, and has viewings of other properties booked. I have selected a nearby conveyancing lawyer in Tedburn St Mary. What do I do now? When do I get the mortgage application with Yorkshire BS started with Yorkshire BS?
It is usual to have apprehensions where there is an associated chain given your reluctance to be too out of pocket prematurely (mortgage application is approx £1k, then valuation, Tedburn St Mary conveyancing search charges, etc). The first course of action is to check that your solicitor is on the Yorkshire BS approved list. Concerning the next steps this very much depends on the circumstances of your transaction, desire for this property and on the state of the market. In a rising market the majority of home buyers will apply for the mortgage with Yorkshire BS and pay for the survey and only if it comes back ok would they ask their conveyancing practitioner to press on with the conveyancing in Tedburn St Mary.