I am in a contract race with another prospective purchaser for a property in Maidenhead. What can I do to speed up matters?
In the event that you are under pressure for your conveyancing we would recommend that your lawyer is familiar with the area as they will have local contacts and intelligence. It is even conceivable that they would have transacted previoushouses in the same neighbourhood. Therefore consider using a Maidenhead conveyancing solicitor. In addition, double check that the conveyancing firm is on the lender panel. It is estimated that nearly one in five of Maidenhead conveyancing transactions are delayed or derailed after discovering a purchaser’s lawyer was not on their banks list of approved solicitors. In many cases this discovery resulted in the legal process being held up by as much as three weeks. It is claimed that this issue impacts approximately 100,000 home sales every year. Many Maidenhead conveyancing practices can not represent certain lenders so do check at the outset.
three months have gone by following my purchase conveyancing in Maidenhead completed. I have checked the Land Registry site which shows that I paid £175,000 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 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 Maidenhead differ for newly converted properties?
Most buyers of new build premises in Maidenhead approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is built. This is because house builders in Maidenhead usually purchase 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 conveyancing solicitors 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 accustomed to new build conveyancing in Maidenhead or who has acted in the same development.
My husband and I are new on the property ladder - had an offer accepted, yet the agent has warned us that the seller will only go ahead if we instruct their recommended solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Maidenhead
It is highly unlikely the vendors are behind this. Should the vendor require ‘a quick sale', turning down a genuine purchaser is counter productive. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Maidenhead conveyancing solicitors - not the ones that will give their negotiator at the agency a kickback or meet his conveyancing targets pre-set by corporate headquarters.
Back In 2000, I bought a leasehold flat in Maidenhead. Conveyancing and Birmingham Midshires mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Maidenhead who previously acted has long since retired. What should I do?
The first thing you should do is contact the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Maidenhead conveyancing solicitor to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Maidenhead Leasehold Conveyancing - Examples of Queries before Purchasing
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It would be prudent to discover as much as you can concerning the company managing the block as they will either make your living at the property much easier or uncomfortable. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the cleanliness of the common parts. Ask prospective neighbours whether they are happy with their management. Finally, investigate as to the dates that the service fees are due to the managing agents and specifically what it includes. What restrictions are there in the Maidenhead Lease? Plenty Maidenhead leasehold properties will have a service charge for the upkeep of the building levied on behalf of the management company. Where you purchase the flat you will have to meet this contribution, usually quarterly throughout the year. This can differ from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge for you to pay yearly, ordinarily this is not a large figure, say approximately £50-£100 but you should to enquire as on occasion it can be many hundreds of pounds.
I was told by my lender that their approved lawyers operate no sale no charge basis for conveyancing in Maidenhead. Our purchase did not proceed and now the lawyers have requested search fees! They say the fees are independent!
Maidenhead conveyancing search fees are separate expenses not solicitors fees as these are due to a third party.