Various internet forums that I have frequented warn that are a common reason for delay in Chew Magna conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Chew Magna.
It has been 4 months since my purchase conveyancing in Chew Magna took place. I have checked the Land Registry website 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 am buying a new build apartment in Chew Magna. 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 are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chew Magna
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There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I opted to have a survey completed on a property in Chew Magna ahead of instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not give a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chew Magna. Conveyancing will be smoother if you use a solicitor in Chew Magna especially if they are accustomed to such properties in Chew Magna.
How can the Landlord & Tenant Act 1954 impact my business property in Chew Magna and how can your lawyers assist?
The 1954 Act affords a safeguard to commercial tenants, granting the legal entitlement to apply to court for a new tenancy and remain in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Chew Magna is one of the many areas of the UK in which the firms we work with have offices
My wife and I have appointed a Chew Magna conveyancing solicitor for our house purchase (novice purchasers) and have noticed in the Ts and Cs that they are not regulated by the Financial Conduct Authority. Need I be worried or is that standard with property lawyer?
We can't see why they should be. Most conveyancing practitioner don't lend money. They will be regulated by the Solicitors Regulation Authority, who dictate strict stipulations regulating monies sitting in their bank.