My mortgage broker has requested my Barry Island law firm’s panel reference for the Lloyds conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local Barry Island branch but they cant find it on their system.
Have you tried speaking to your Barry Island conveyancer about this?. They maintain a central record lender panel numbers.
IfI were to buy a freehold propertyin Barry Island for cash and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Barry Island?
Any savings you would gain would be isolated to the Barry Island conveyancing searches. Your solicitor is obliged to do the vast majority of work - money laundering, communicating with the sellers conveyancing practitioner, stamp duty return, register the ownership etc. You might save a bit for them not having to register a charge but it will not be meaningful.
Various internet forums that I have come across warn that are the number one reason for delay in Barry Island conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of slowing down conveyancing in Barry Island.
It has been 4 months following my purchase conveyancing in Barry Island completed. I have checked the Land Registry site 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 premises 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Barry Island. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Barry Island
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
The property lawyers handling our conveyancing in Barry Island has sent papers to review that show the land is unregistered with epitome documents. Surely all property in Barry Island are registered?
Whilst most properties in Barry Island are now registered with HM Land Registry there are still some that remain unregistered. Any property in Barry Island that has been purchased since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Barry Island property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Barry Island conveyancing practitioners will be able to handle this type of conveyancing but in the event that uncertainty prevails the prevailing guidance presently is for the seller to register it first and subsequently deal with the transfer to the buyer - this this chain of events will cause a protracted transaction.