3 months have elapsed following my purchase conveyancing in Whalley 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 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.
How does conveyancing in Whalley differ for newly converted properties?
Most buyers of new build or newly converted property in Whalley contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Whalley usually acquire the real estate, 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 conveyancers 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 used to new build conveyancing in Whalley or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Whalley I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Whalley for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Hoping to buy a property located in Whalley and I am already nervous. I couldn't find anything specific about Whalley. Conveyancing will be needed in due course but do you know about the Whalley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Whalley. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my father I am disposing of a property in Cardiff but live in Whalley. My solicitor (approximately 260 kilometers awayrequires that I execute a stat dec before completion. Can you recommend a conveyancing solicitor in Whalley to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Whalley based