It has been five months since my purchase conveyancing in East Sheen concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 East Sheen differ for new build properties?
Most buyers of new build residence in East Sheen come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in East Sheen usually buy the site, 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 property lawyers 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 used to new build conveyancing in East Sheen or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and found one close by in East Sheen I like with amenity areas and transport links nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in East Sheen in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage that many years will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
How does the Landlord & Tenant Act 1954 affect my business offices in East Sheen and how can your lawyers assist?
The particular law that you refer to provides security of tenure to commercial leaseholders, giving them the legal entitlement to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. East Sheen is one of the numerous areas of the UK in which our lawyers are located
I am using a search engine for the term cheap conveyancing in East Sheen it brings up numerous solicitorslocally. How do I determine which is the right conveyancing solicitor for me?
The preferential way of seeking the right conveyancer is through a personal testimonial, so seek the counsel of friends and relatives who have bought a property in East Sheen or a local estate agent or mortgage broker. Fees for conveyancing in East Sheen vary, so it's sensible to request a minimum of four quotes from different law firms. Dont forget to clarify that the fees are fixed.
Our solicitor in East Sheen has uncovered a a problem with the lease for the flat we are purchasing in East Sheen. The other side have offered title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the mortgage company conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is the bank?
Just because you have a mortgage offer from the mortgage company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your East Sheen conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with by the lender conveyancing panel who has to balance acting for you and the mortgage company