At what point does exchange of contracts happen for domestic conveyancing in Templecombe and am I required to attend the lawyers office?
If you are near to one of the conveyancing solicitors in Templecombe you are invited in to sign the paperwork. However, the lender approved solicitors we work with provide countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when communicating with you digitally. The executing of the contract is not when everything is set in stone. A signed contract is just a prerequisite for the firm to exchange contracts when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Templecombe)to be in the office available at the end of the phone to exchange contracts.
2 months have elapsed since my purchase conveyancing in Templecombe completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 my first flat in Templecombe benefiting from help to buy. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not to tell my lawyer about this deal as it would put at risk my loan with The Mortgage Works. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 am looking for a ground for flat up to £305k and identified one round the corner in Templecombe I like with amenity areas and railway links nearby, the downside is that it only has 49 remaining years left on the lease. There is not much else in Templecombe in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
As co-executor for the estate of my grandfather I am selling a residence in Monmouth but live in Templecombe. My solicitor (based 235 kilometers awayrequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing solicitor in Templecombe to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are located in Templecombe