A colleague recommended that where I am buying in Montgomery I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Montgomery conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Montgomery around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Montgomery Education with plans and statistics, Local Amenities and other useful data regarding Montgomery.
five months have gone by since my purchase conveyancing in Montgomery completed. I have checked the Land Registry site which shows that I paid £150,000 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 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.
Due to the guidance of my in-laws I had a survey completed on a house in Montgomery ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some banks may refuse to issue a loan on this type of premises.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Montgomery. Conveyancing will be smoother if you use a solicitor in Montgomery especially if they are accustomed to such properties in Montgomery.
In my capacity as executor for the estate of my grandmother I am selling a property in Neath but reside in Montgomery. My solicitor (based 235 miles from merequires that I execute a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Montgomery who can witness this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Montgomery based
What makes a Montgomery lease defective?
There is nothing unique about leasehold conveyancing in Montgomery. All leases are individual and drafting errors can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. Service charge per centages that don't add up correctly leaving a shortfall
You may have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Leeds Building Society, and TSB all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to withdraw.
Montgomery Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying
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The majority of Montgomery leasehold properties will incur a service bill for the upkeep of the block invoiced by the management company. Should you buy the property you will have to pay this contribution, normally in instalments accross the year. This can be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a rentcharge to be met annual, ordinarily this is not a exorbitant amount, say around £25-£75 but you need to enquire it because on occasion it can be many hundreds of pounds. It is important to be aware if window replacement or some other major work is pending to be shared amongst the tenants and will dramatically increase the the maintenance charges or require a specific payment. The prefered form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this situation the tenants have being in charge if their destiny and notwithstanding that a managing agent is often retained where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.
It may have been a long time coming a mortgage agreement from a mortgage company for the refinancing of my 2 bedroom garden flat is due within the next few days. Are you able to suggest a low cost remortgage conveyancing lawyer in Montgomery ?
You are on the wrong site if you are in need of the cheapest conveyancing solicitors in Montgomery. We can offer you value for money conveyancing but we do not advertise as being the cheapest. Avoid the trap of appointing brokers offering £99 conveyancing in Montgomery.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in additional fee and still not receive the service required.