five months have elapsed following my purchase conveyancing in Castle Cary completed. 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 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.
How does conveyancing in Castle Cary differ for new build properties?
Most buyers of new build or newly converted property in Castle Cary contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because house builders in Castle Cary usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Castle Cary or who has acted in the same development.
I opted to have a survey carried out on a house in Castle Cary in advance of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some banks will not grant a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Castle Cary. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Castle Cary to see if the conveyancing will be more expensive.
I am a sole trader intending to take over a lease of a shop on the high street. Can you recommend conveyancers offering fixed fees for non-domestic conveyancing in Castle Cary for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Castle Cary, including the sale and acquisition of businesses as well as simply premises. Whether you are looking to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. As for the costs these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or phone us so that we may provide you with a fixed commercial conveyancing quote.
I need to retain a conveyancing solicitor for freehold conveyancing in Castle Cary. I've stumble across a site which appears to be the ideal solution If there is a chance to get all this stuff done via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Me and my partner are planning to purchase a four room first floor flatin Castle Cary with a loan from a mortgage company. We have selected a conveyancer in Castle Cary however our lender says she’s not listed on their "panel". Apparently we need to choose one of the our lender panel firms or keep our Castle Cary solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage company mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender's conveyancing panel. Until recently, most banks had open panels, including almost all conveyancing solicitors in Castle Cary : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your bank.