Are the BSA planning on creating a online directory to to identify practices on the Coventry BS conveyancing panel for instance in Lound?
We would not expect to be advised of any plans on the part of the BSA to promote such a register.
We are intent on selling our house in Lound and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Lound conveyancer would know that there is no such problem. It does beg the question why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in Lound. We have lived in Lound for 5 years we know that this is a non issue. Should we contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
It has been five months following my purchase conveyancing in Lound took place. I have checked the Land Registry site 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.
I opted to have a survey done on a house in Lound prior to instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some banks will refuse to give a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lound. Conveyancing may be slightly more expensive based on your lender's requirements.
Estate agents have just been given the go-ahead to market my basement flat in Lound. Conveyancing lawyers have not yet been instructed, but I have just received a yearly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as you normally would because all ground rent and service charges should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Lound - A selection of Questions you should consider Prior to Purchasing
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You should be aware if it is less than 80 years it will affect the marketability of the property. Check with your mortgage company that they are happy with the length of the lease. A short lease means that you will most likely require a lease extension sooner rather than later and you need to have some idea of what this will be. For most Loundlease extensions you will need to own the property for two years in order to be entitled to extend the lease. Please inform me if there are any major works in the planning that will likely increase the service charges?
I have today had an offer accepted on an apartment in Lound and the estate agent that we are using suggested his lawyer. They quoted £1000 including VAT and 3rd party costs. Does this sound like a good deal?
Don't just go on a single estimate. One should obtain like-for-like quotes for your conveyancing in Lound. Then choose one that you are comfortable with and crucially, is on the approved panel of the mortgage company that you are sourcing your mortgage from.