I am buying a house for cash in The Meadows. I have resided for the last 20 years in The Meadows. Conveyancing searches are a lot of money. As I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then almost all of the The Meadows conveyancing searches are at your discretion. Your lawyer will 'advise', perhaps strongly, that you should have searches done, but she is duty bound to take that path of guidance. One thing to consider; if you are going to dispose of the house one day, it may be of importance to your future buyer what the searches contain. There are plenty of instances where premises with no practical issues can still throw up detrimental search results. A competent conveyancing solicitor in The Meadows will be able to give you some practical advice here.
After looking at mumsnet.com for an affordable solicitor in The Meadows, most say that I should instruct a CQS assured solicitor. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * compliance with best practice conveyancing procedures through the scheme protocol Membership includes many companies who carry out conveyancing in The Meadows.
It has been three months since my purchase conveyancing in The Meadows completed. I have checked the Land Registry site which shows that I paid £150,000 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 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 looking for a ground for flat up to £305k and found one round the corner in The Meadows I like with open areas and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in The Meadows in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
My wife and I today found out that one of the directors of the conveyancing practice undertaking the purchase conveyancing in The Meadows is is the brother of the seller. Is this acceptable?
Provided no conflict arises this is permitted. If you are requiring a home loan then the lender may have a say as many lenders have specific requirements on this. For example for Leeds Building Society as of 18/4/2024, the requirements read as follows :
• a different person deals with the conveyance (i.e. not the borrower);
• there is no conflict of interest and none arises during the transaction; and
• the Law Society guidelines are followed.