I opted for a Earley based firm for our conveyancing in Earley yesterday. Upon checking the terms of engagement I seeI am on the hook for charges even if the dealdoes not happen. Should I ditch them and instruct an on-line solicitor practice promoting no-sale-no-fee conveyancing in Earley?
It is usually a trade off in that if "No Sale No Fee" is offered then the fee levels will tend to be be higher to neutralise the cases that fail to complete. Please beware that these promotions generally do not cover outlay by way of example Earley conveyancing search fees.
The Earley conveyancing firm handling our Earley conveyancing has spotted an inconsistency between the information in the home valuation survey and what is in the title deeds. My solicitor has advised that he must check that the lender is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach correct?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I am the registered owner of a freehold premises in Earley but still pay rent, why is this and what is this?
It is rare for properties in Earley and has limited impact for conveyancing in Earley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Will commercial conveyancing searches disclose planned roadworks that may affect a commercial premises in Earley?
Its becoming the norm that commercial conveyancing solicitors in Earley will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Earley. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Earley.
For every commercial conveyancing transaction in Earley it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Earley commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Earley.
It has been 4 months following my purchase conveyancing in Earley concluded. I have checked the Land Registry site which shows that I paid £150,000 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 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.
Is it best to choose a Earley conveyancing practitioner who is local to the property I am purchasing? I have an old university friend who can handle the legal formalities however they are based 300kilometers drive away.
The benefit of a local Earley conveyancing practice is that you can visit the firm to sign paperwork, deliver your identification documents and pester them if necessary. Having local Earley know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that must outweigh using an unfamiliar Earley conveyancing solicitor just because they are round the corner.