My wife and I are about to exchange on the purchase of a property in Cleator Moor but as a result of wreckage from some water damage at the property I have managed to agree reparation from the seller of £2k by way of a deduction in the price. I had intended this to be addressed as part of a side agreement however Barclays will not agree to this. Should they have been involved?
Your solicitor that is on the Barclays approved list is obliged to disclose to Barclays of any changes to the purchase price. If you prohibit your solicitor to report the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new conveyancing practitioner for your conveyancing in Cleator Moor.
My wife and I are close to exchanging contracts on the sale of our house in Cleator Moor and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local lawyer would know that there is no such problem. It does beg the question why the buyers used a web based conveyancing practice as opposed to a conveyancing solicitor in Cleator Moor. We have lived in Cleator Moor for 5 years we know of no issue. Do we get in touch with our local Authority to seek confirmation that there is no issue.
It would appear that you have a conveyancing firm already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
4 months have elapsed following my purchase conveyancing in Cleator Moor took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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 Cleator Moor differ for new build properties?
Most buyers of new build premises in Cleator Moor approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Cleator Moor usually acquire the real estate, 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 Cleator Moor or who has acted in the same development.
I opted to have a survey carried out on a property in Cleator Moor ahead of instructing conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cleator Moor. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cleator Moor to see if the conveyancing will be more expensive.
I was recommended by a few property agents in Cleator Moor to select a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to promote your lawyers over and above alternative conveyancing organisations?
We don’t make any referral fee for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.