We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to use a Botany Bay based conveyancing firm?
Do check but the the likelihood is that give you one of their panel lawyers should you accept the "fee-free" deal. Speak to the mortgage company and determine if they allow a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Botany Bay.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Botany Bay?
Its becoming the norm that commercial conveyancing solicitors in Botany Bay will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Botany Bay. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Botany Bay.
For every commercial conveyancing transaction in Botany Bay it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Botany Bay commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Botany Bay.
It has been three months following my purchase conveyancing in Botany Bay concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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.
I am looking for a flat up to £235,500 and identified one near me in Botany Bay I like with a park and transport links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Botany Bay for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I was advised by a number of property agents in Botany Bay to get a quote from a solicitor on your site. Is there a financial upside for Estate Agents to market your site ahead of a competitor’s?
We don’t offer any commission for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
What type of premises does your Botany Bay conveyancing quotes relate to?
The quotes supplied are only appropriate to standard residential premises in England & Wales. If you have any different needs for example industrial or agricultural land or commercial conveyancing in Botany Bay do contact us to discuss this further .