It has been four months since my purchase conveyancing in Vale Of Glamorgan took place. I have checked the Land Registry website 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 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Vale Of Glamorgan. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Vale Of Glamorgan
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the input of my in-laws I had a survey completed on a property in Vale Of Glamorgan ahead of retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some lenders will not grant a loan on such a premises.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Vale Of Glamorgan. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Vale Of Glamorgan to see if the conveyancing costs will increase in light of this.
What tools are available to locate a Vale Of Glamorgan law firm on the TSB conveyancing panel? I drive a motor bike and am happy to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of Vale Of Glamorgan conveyancing lawyers located nearest you. We have detailed some Vale Of Glamorgan conveyancing firms at the bottom of this page and you can call them to verify whether they are on the TSB panel
I am hoping to exchange soon on a ground floor flat in Vale Of Glamorgan. Conveyancing solicitors inform me that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Vale Of Glamorgan should include some of the following:
You should have a good understanding of the building insurance requirements The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Whether your lease provides for a reserve fund? What options are available to the landlord where you breach a clause of your lease? An explanation as to the provision in the lease to pay service charges - in relation to the building, and the more general rights a lessee enjoys
Vale Of Glamorgan Leasehold Conveyancing - Sample of Queries Prior to Purchasing
The majority of Vale Of Glamorgan leasehold apartments will incur a service bill for maintenance of the block levied on behalf of the management company. If you purchase the apartment you will have to pay this contribution, usually periodically accross the year. This could differ from two or three hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met annual, this is usually not a exorbitant sum, say about £25-£75 but you should to enquire it because sometimes it could be many hundreds of pounds. Are any of leasehold owners in arrears of their service charge liability?