Can conveyancing in Ampthill to be completed in under 28 days?
Where the seller is applying a tight deadline for your conveyancing we would recommend that your solicitor is familiar with the area as they will have local contacts and intelligence. It is possible that they would have handled previousproperties in the same road. You would be best advised to use a Ampthill conveyancing solicitor. Second, make sure that the conveyancing firm is on the member panel. It is understood that 18% of Ampthill conveyancing transactions are held up or derailed after discovering a buyer’s solicitor was not on their banks member panel. In many cases this discovery resulted in the transaction being frustrated by an average of 21 days. It is estimated that this issue affects in the region of 100,000 home sales every year. Many Ampthill conveyancing firms can not represent certain mortgage companies so do check as early as possible.
I own a freehold house in Ampthill but nevertheless charged rent, why is this and what is this?
It is rare for properties in Ampthill and has limited impact for conveyancing in Ampthill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
It has been four months since my purchase conveyancing in Ampthill took place. I have checked the Land Registry site which shows that I paid £150,000 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 decided to have a survey carried out on a house in Ampthill before instructing lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may not issue a mortgage on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ampthill. Conveyancing will be smoother if you use a solicitor in Ampthill especially if they are accustomed to such properties in Ampthill.
My father has suggested that I appoint his lawyers for conveyancing in Ampthill. Do I follow his guidance?
There are no two ways about it it’s preferable to find a conveyancing solicitor is to seek guidance from friends or relatives who have actually previously instructed the solicitor you're considering.
Our lenders have just issued us with a mortgage offer. We are using a long established conveyancer in Ampthill two days ago. Today, our broker called to say that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As novices, we had no idea that the bank had some control over our choice Is this usual?
You are at liberty to select any conveyancing solicitor you wish to select for your conveyancing in Ampthill but if your lender aren't happy with them you must fork out additional cost so the bank can retain their own lawyers. On occasion it is conceivable that your solicitor may apply to get added to the bank list of approved firms. Do make the most of internet search facilities including lenderpanel.com to find a conveyancing solcitor in Ampthill on the bank panel. You can go into your local mortgage company branch in Ampthill. They can recommend conveyancing solicitors in Ampthill on the panel for your bank.