Can you explain why leasehold purchase conveyancing in Washington costs more?
Washington leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
What does a local search tell me about the property I am buying in Washington?
Washington conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for example PSG The local search is essential in every Washington conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
3 months have gone by following my purchase conveyancing in Washington took place. I have checked the Land Registry website which shows that I paid £175,000 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 asset 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.
How does conveyancing in Washington differ for newly converted properties?
Most buyers of new build premises in Washington contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Washington typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Washington or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Washington ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies may refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Washington. Conveyancing will be smoother if you use a solicitor in Washington especially if they are acquainted with such properties in Washington.