Should conveyancers ask for an advanced payment for conveyancing in Gamston?
If you are buying a property in Gamston your lawyer will request that you put them with funds to cover the search fees. Normally this is asked for to cover the fees of the conveyancing searches. If any down payment is as part of the sale price then this will be needed immediately in advance of contracts are exchanged. The final balance that is needed should be sent to your lawyer shortly before completion.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Gamston. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this allowed?
If you intend to refinance then Nottingham will insist on your using a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
Do commercial conveyancing searches reveal planned roadworks that may affect a commercial site in Gamston?
Many commercial conveyancing solicitors in Gamston will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Gamston. The report 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 Gamston.
For every commercial conveyancing transaction in Gamston it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can result in delays to Gamston commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Gamston.
2 months have elapsed following my purchase conveyancing in Gamston concluded. I have checked the Land Registry website 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 asset 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 Gamston differ for newly converted properties?
Most buyers of new build residence in Gamston approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Gamston tend to purchase the land, 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 Gamston or who has acted in the same development.
How can the Landlord & Tenant Act 1954 impact my commercial property in Gamston and how can you help?
The 1954 Act affords security of tenure to business leaseholders, granting the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Gamston