Should lawyers ask for an advanced payment for my conveyancing in Almondsbury?
If you are buying a property in Almondsbury your solicitor will ask you put them with funds to cover the search fees. Generally this is called for to cover the fees of the conveyancing searches. If any down payment is as part of the total price then this should be asked for immediately ahead of exchange of contracts. The closing balance that is needed will be payable a couple of days ahead of the day of completion.
We are planning on selling our property in Almondsbury and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Almondsbury lawyer would know that there is no such problem. It does beg the question why the purchasers used a nationwide conveyancing firm rather than a conveyancing solicitor in Almondsbury. Having lived in Almondsbury for 5 years we know of no issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
It has been 4 months following my purchase conveyancing in Almondsbury completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 Almondsbury differ for new build properties?
Most buyers of new build or newly converted property in Almondsbury contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Almondsbury usually buy 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 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 Almondsbury or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Almondsbury is the location of the property. Is there any advice you can give?
Flying freeholds in Almondsbury are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Almondsbury you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Almondsbury may determine 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 premises.
There are only Seventy years unexpired on my lease in Almondsbury. I now want to get lease extension but my freeholder is missing. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to track down the freeholder. For most situations an enquiry agent would be helpful to carry out a search and prepare a report which can be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer both on proving the landlord’s absence and the vesting order request to the County Court covering Almondsbury.
Leasehold Conveyancing in Almondsbury - A selection of Queries Prior to buying
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What is the the remaining lease term? Is anyone aware of any major works anticipated that could increase the service fees? Make sure you investigate if there is anything that is prohibited in the lease. For instance some leases prohibit pets being allowed in certain buildings in Almondsbury. If you like the apartmentin Almondsbury yet your cat is not allowed to live with you then you will be presented with a hard decision.