Why is leasehold purchase conveyancing in Cambridge is more expensive?
Cambridge leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We are buying a victorian detached house in Cambridge. Our aim is to an extension at the rear at the property.Will the conveyancing process involve checks to ascertain if these works are allowed?
Your solicitor should check the registered title as conveyancing in Cambridge will on occasion reveal restrictions in the title deeds which restrict certain changes or require the permission of a 3rd party. Many additions require local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
When it comes to mortgage companies such as HSBC, do Cambridge solicitors face a yearly amount to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I am expecting a AIP from TSB this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Cambridge solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Cambridge solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
Various web forums that I have frequented warn that are a common cause of obstruction in Cambridge conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Cambridge.
3 months have gone by since my purchase conveyancing in Cambridge concluded. I have checked the Land Registry site which shows that I paid £175,000 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 asset 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 Cambridge ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders may refuse to grant a loan on such a home.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cambridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cambridge to see if the conveyancing costs will increase in light of this.
As co-executor for the estate of my aunt I am disposing of a residence in Newport but I am based in Cambridge. My solicitor (approximately 260 kilometers from meneeds me to sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Cambridge to witness this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Cambridge