My fiancee and I are purchasing our first property. The property lawyer has calledto check if we want to purchase extra conveyancing searches. Unfortunately we are clueless as to what's relevant for conveyancing in Malvern
The type of Malvern conveyancing searches should be triggered based primarily on the property, the location, the probability of any of these risks, your knowledge of the area and risks, your overall approach to risk. What is important is that you properly comprehend what information the searches could supply. Then you can make a decision if you personally think you need that information. Should you be unsure, ask your solicitor to advise.
We are buying a house and require a conveyancing solicitor in Malvern who is on the Virgin Money conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Malvern.
I am intent on selling our property in Malvern and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the buyers used a web based conveyancing practice as opposed to a conveyancing solicitor in Malvern. Having lived in Malvern for 5 years we know of no issue. Do we get in touch with our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. What do they say? You need to check with 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 life insurance to cover that same illness)
2 months have elapsed following my purchase conveyancing in Malvern completed. I have checked the Land Registry site 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 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.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Malvern I like with open areas and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Malvern for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I have selected a Malvern conveyancing solicitor for our house purchase (FTB’s) and have noticed in the terms and conditions that they are not covered by the Financial Conduct Authority. Am I right to be concerned or is that usually the case with property lawyer?
We can't see why they should be. Most lawyer don't lend money. They should be governed by the SRA, who have specific stipulations regulating monies held in their bank.