I am in a contract race with another prospective purchaser for a property in Keyworth. What can I do to hasten the legal process?
Where you are under a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will have local contacts and know-how. It is possible that they may have handled otherproperties in the same road. Therefore consider using a Keyworth conveyancing firm. In addition, double check that the lawyer is on the on the approved list for your mortgage company. It is claimed that 18% of Keyworth conveyancing deals are suspended or derailed after discovering a buyer’s solicitor was not on their mortgage lender’s member panel. This can often result in the transaction being delayed by as much as three weeks. It is claimed that this issue impacts approximately one hundred thousand home moves annually. Almost all Keyworth conveyancing firms can not represent certain mortgage companies so do check as early as possible.
It is a dozen years since I acquired my property in Keyworth. Conveyancing lawyers have just been appointed on the sale but I am unable to track down my deeds. Will this cause complications?
You need not be too concerned. First there is a chance that the deeds will be kept by the mortgage company or they could be in the possession of the conveyancers who acted in your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in Keyworth involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
three months have gone by following my purchase conveyancing in Keyworth concluded. I have checked the Land Registry website which shows that I paid £200,000 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.
Just had an offer accepted on a new build flat in Keyworth. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Keyworth
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I decided to have a survey done on a property in Keyworth ahead of instructing lawyers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you contact us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Keyworth. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing practitioner in Keyworth for my sale. Is it possible to check a firm’s record with the profession’s regulator?
Members of the public may read published Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. To find details Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA could monitor call for training reasons.