When reading moneysavingexpert.com for an online solicitor in Cholsey, most advise that I should instruct a CQS kitemarked solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in the legal transfer of properties, trusted by some of the UK's major lenders. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). The scheme does not cover licenced conveyancers. Cholsey is one of the many areas in England and Wales where there are CQS lawyers.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Cholsey?
There are two types of lawyers who can execute conveyancing in Cholsey namely CLC regulated conveyancers or solicitors. The two can administer conveyancing services that required to complete the disposal or purchase of property. They are both duty bound to perform Cholsey conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly administered and that all requisite steps should be suitably followed.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Cholsey conveyancer on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
About to purchase maisonette in Cholsey. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cholsey property lawyer is on the Aldermore conveyancing panel.
It has been four months since my purchase conveyancing in Cholsey concluded. I have checked the Land Registry website which shows that I paid £150,000 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 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.
How does conveyancing in Cholsey differ for new build properties?
Most buyers of new build or newly converted property in Cholsey approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Cholsey usually acquire the land, 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 conveyancing solicitors 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 Cholsey or who has acted in the same development.
What does commercial conveyancing in Cholsey cover?
Commercial conveyancing in Cholsey incorporates a wide array of advice, given by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
How and when do I pay the Stamp Duty Land Tax chargeable for my purchase in Cholsey?
The solicitor should fill out a Land Transaction Return Form for you during your Cholsey conveyancing transaction for you to sign. After completion your property lawyer will submit the STL application to the Tax Authorities and - as long as they have the funds - discharge any tax bill due for you.