Various online forums that I have visited warn that are the main cause of stalling in Alnwick conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Alnwick.
It has been 4 months following my purchase conveyancing in Alnwick took place. I have checked the Land Registry site 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 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.
I am buying my first flat in Alnwick with the aid of help to buy. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not disclose to my conveyancer about the side-deal as it will impact my loan with Britannia. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £195,000 and found one near me in Alnwick I like with amenity areas and station in the vicinity, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Alnwick suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My partner has recommend that I instruct his lawyers for conveyancing in Alnwick. Do I take his advice?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to get guidance from friends or family who have actually used the firm that you are are thinking of instructing.
I have just appointed agents to market my basement flat in Alnwick. Conveyancing solicitors are to be appointed soon, but I have just received a quarterly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as normal given that all ground rent and maintenance charges will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Alnwick Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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What is the maintenance charge and ground rent on the property? Are any of leasehold owners in arrears of their service charge payments? Who is in charge of the building?