four months have elapsed since my purchase conveyancing in Cotswolds took place. I have checked the Land Registry site 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 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.
How does conveyancing in Cotswolds differ for newly converted properties?
Most buyers of new build residence in Cotswolds approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Cotswolds tend to buy 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 conveyancers 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 Cotswolds or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Cotswolds is where the house is located. Can you offer any assistance?
Flying freeholds in Cotswolds are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cotswolds you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cotswolds 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 residence.
I was recommended by three or four local estate agents in Cotswolds to select a conveyancer using your seach tool. What’s the financial inducement for Estate Agents to offer your site rather than another?
We don’t offer any financial incentive for directing people to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Am I better off to use a Cotswolds conveyancing solicitor based in the area that I am purchasing? I have an old university friend who can conduct the legal formalities however her office is 300kilometers drive away.
The benefit of a high street Cotswolds conveyancing practice is that you can attend the office to sign documents, deliver your identification documents and apply pressure on them where appropriate. Having local Cotswolds know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were content that should outweigh using an unfamiliar Cotswolds conveyancing lawyer just because they are based in the area.
If instructed can a conveyancer remove a name from the title of my property in Cotswolds ?
Removing or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a conveyancer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor