I have been told that property searches are the main reason for delay in Chipping Campden conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Chipping Campden.
It has been 4 months since my purchase conveyancing in Chipping Campden took place. I have checked the Land Registry website which shows that I paid £150,000 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 residence 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 flat in Chipping Campden. Conveyancing is a frightening process 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.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chipping Campden
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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. Please confirm the Lease plans are architect prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.
I opted to have a survey carried out on a property in Chipping Campden ahead of appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks tend refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further via 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 Chipping Campden. Conveyancing will be smoother if you use a solicitor in Chipping Campden especially if they regularly deal with such properties in Chipping Campden.
We're novice buyers - had an offer accepted, yet the selling agent advised that the vendor will only issue a contract if we instruct the agent's recommended solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a family conveyancer with experience of conveyancing in Chipping Campden
We suspect that the owner is not behind this demand. If they desire ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Try to communicate with the sellers directly and make the point that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to use your preferred Chipping Campden conveyancing solicitors - as opposed tothe ones that will give their negotiator at the agency a referral fee or meet his conveyancing targets pre-set by head office.
We are midway through purchasing a property in Chipping Campden. Conveyancing solicitor has told us the property is "Leasehold". Does this adversely affect our mortgage valuation?
Chipping Campden conveyancing does not usually involve leasehold houses. The main consideration here is the remaining lease term and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's essentially freehold, so it shouldn't impact the saleability significantly.
At the other end of the spectrum, if it's, say, 50 years it will have a adverse effect on the value, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease to be supplied to your solicitor.