three months have gone by following my purchase conveyancing in Aldermanbury took place. I have checked the Land Registry website 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 property 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 Aldermanbury differ for newly converted properties?
Most buyers of new build residence in Aldermanbury come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Aldermanbury tend to buy 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 Aldermanbury or who has acted in the same development.
Am I right to be wary by estate agents that I am dealing with are encouraging me to use an internet conveyancing firm rather than a local Aldermanbury conveyancing practice?
As is the case with many service providers, often suggestions from family and friends can be very helpful. But there are numerous parties with a keen interest in a conveyancing matter; estate agents, mortgage brokers and lenders might all recommend conveyancers to use. On occasion these conveyancers might be known to one of the organisations as being good in their field, but sometimes there might be a commercial relationship behind the recommendation. You are free to choose your preferred lawyer. You need to be aware that the majority of lenders specify a panel list of lawyers you are obliged to use for the mortgage related work in your conveyancing.
I am a couple of weeks into a leasehold purchase having been referred to solicitors by the high street agent to do our conveyancing in Aldermanbury. I am not happy. Can you help me find new solicitors?
A solicitor would have to be really bad in order to consider replacing them. Has your mortgage offer been issued? In the event that it has you must inform them of the new contact details and get the loan are re-issued. Your new solicitor ideally should be on the lenders approved list to avoid escalating fees and delays. That should be your first question of the new solicitors. Our search tool will assist you in finding a bank approved lawyer for your home move in Aldermanbury
I own a leasehold flat in Aldermanbury. Conveyancing and Clydesdale mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Aldermanbury who acted for me is not around. What should I do?
The first thing you should do is make enquiries of HMLR to be sure that this person is in fact the new freeholder. There is no need to incur the fees of a Aldermanbury conveyancing practitioner to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
After years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Aldermanbury. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to decide the price.
An example of a Lease Extension matter before the tribunal for a Aldermanbury flat is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case related to 2 flats. The unexpired lease term was 72.39 years.
My partner and I about to exchange buying a property in Aldermanbury but as a result of wreckage from the recent storms I have negotiated recompense from the current proprietors of £2k by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet my lender will not permit this. Should they have been notified?
The lawyer that is on a bank approved list is obliged to advise the bank of any changes to the sale amount. If you did not allow your conveyancer to report the reduction to your bank then they would have no choice but to refrain from representing you and the lender.