five months have elapsed following my purchase conveyancing in Wimborne concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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.

How does conveyancing in Wimborne differ for new build properties?

Most buyers of new build residence in Wimborne come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because house builders in Wimborne tend to purchase the site, 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 used to new build conveyancing in Wimborne or who has acted in the same development.

Do I need to be concerned by 3rd parties that I am dealing with are suggesting a national conveyancing firm as opposed to a local Wimborne conveyancing company?

As with many professional services, often input from relatives can be extremely useful or valuable. But there are many people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies may put forward solicitors to appoint. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there might be a commercial relationship behind the endorsement. You have the right to select your own conveyancer. However, bear in mind that some banks specify a panel list of conveyancers you are obliged to use for the mortgage related work in your house move.

I am using a search engine for the words conveyancing in Wimborne it reveals numerous solicitorsin the area. With so much choice what is the best way to find the right property lawyer for purchase transaction?

The ideal method of seeking a suitable conveyancer is via personal recommendation, so seek the guidance of colleagues and those you trust who have purchased a property in Wimborne or a respected estate agent or mortgage broker. Costs for conveyancing in Wimborne vary, so it's a good idea to request at least three costs illustrations from different property lawyers. Make sure that you clarify that the fees are fixed.

I am in need of some leasehold conveyancing in Wimborne. Before I get started I want to be sure as to the number of years remaining on the lease.

If the lease is registered - and most are in Wimborne - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Wimborne Leasehold Conveyancing - A selection of Queries Prior to buying

How many of the leaseholders are in arrears for their maintenance charge payments? Is anyone aware of any major works on the horizon that will likely add a premium to the maintenance costs? Make sure you enquire if there is anything that is prohibited in the lease. For instance it is very common in Wimborne leases that pets are not allowed in certain buildings in Wimborne. If you love the flatin Wimborne but your cat is not allowed to live with you then you have a very difficult compromise.