three months have gone by since my purchase conveyancing in Allendale concluded. 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 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 Allendale differ for newly converted properties?
Most buyers of new build residence in Allendale contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Allendale tend to 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 accustomed to new build conveyancing in Allendale or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Allendale is where the house is located. Can you shed any light on this issue?
Flying freeholds in Allendale are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Allendale you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Allendale may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in Allendale cover?
Allendale conveyancing for business premises covers a wide range of guidance, provided by qualified solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I own a leasehold house in Allendale. Conveyancing and Clydesdale mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Allendale who acted for me is not around. Any advice?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to instruct a Allendale conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a 1st floor flat in Allendale, conveyancing formalities finalised 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Allendale with a long lease are worth £197,000. The ground rent is £55 invoiced every year. The lease ceases on 21st October 2081
With just 55 years unexpired we estimate the price of your lease extension to be between £31,400 and £36,200 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
My work colleague mentioned that when choosing a conveyancing firm they need approved by your lender. I am a FTB but I have an AIP from Santander and I already have a high street conveyancing lawyer in Allendale lined up. Can Birmingham Midhshires need an approved conveyancer to be used? Does a list of panel solicitors even exist for my conveyancing in Allendale?
You should use a solicitor that is on the Birmingham Midhshires panel. The simplest thing to do is call your chosen Allendale conveyancing solicitor to check if they are on the Birmingham Midhshires panel. If they are not on the panel you have a couple of alternatives available to you here:
- Proceed with your chosen Allendale lawyer but Birmingham Midhshires will undoubtedly appoint a conveyancing practitioner from their approved panel. This will result in additional fees and potential delay.
- Get a new property lawyer to conduct the conveyancing, making sure they are on the Birmingham Midhshires conveyancing panel.
- Convince your conveyancing practitioner to seek to join the lender panel.