Me and my partner are soon to exchange on the purchase of a house in Coleshill but as a result of damage from a small fire at the property I have was able negotiate compensation from the owner of £3k in the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process yet Principality are not allowing this. Should they have been notified?
The lawyer that is on the Principality conveyancing panel is duty bound to inform Principality of any variations to the sale price. If you were to refuse your conveyancing practitioner to disclose the price change to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new conveyancer for your conveyancing in Coleshill.
Do the Building Society Association intend to launch a online directory to list practices on the Earl Shilton BS conveyancing panel for example in Coleshill?
We are not aware of any plans on the part of the BSA to promote such a register.
What does a local search tell me about the property we're buying in Coleshill?
Coleshill conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Onsearch The local search is essential in every Coleshill conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search should provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
4 months have gone by following my purchase conveyancing in Coleshill completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 property 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've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Coleshill is where the house is located. Can you offer any opinion?
Flying freeholds in Coleshill are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Coleshill you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coleshill may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are FTB’s - agreed a price, yet the property agent informed us that the owners will only go ahead if we appoint their preferred lawyers as they need a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Coleshill
We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', taking such a hostile approach to a genuine buyer is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to use your own,trusted Coleshill conveyancing solicitors - as opposed tothose that will provide their negotiator at the agency a commission or hit his conveyancing thresholds set by senior management.