Me and my wife are buying our first property. The conveyancing practitioner has contact usto ask if we want to purchase additional conveyancing searches. We are really unsure what's necessary for conveyancing in Mossley Hill
The range of Mossley Hill conveyancing searches should be dictated primarily on the premises, the location, the likelihood of any of these risks, your familiarity of the region and risks, your general attitude to risk. What is important is that you properly understand what information each search could supply. You may then decide if you consider that you need that search. Should you be unsure, ask your solicitor to advise.
2 months have elapsed following my purchase conveyancing in Mossley Hill completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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.
About to purchase a new build flat in Mossley Hill. 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 selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Mossley Hill
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. 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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am looking for a flat up to £245,000 and identified one near me in Mossley Hill I like with a park and station nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Mossley Hill for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I was pointed in your direction by a few property agents in Mossley Hill to locate a solicitor using your seach tool. What’s the financial incentive for Estate Agents to offer your lawyers ahead of alternative conveyancing organisations?
We don’t give any financial incentive for directing people to this site. We found it would be just too difficult to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
What are my options where I am dissatisfied with the solicitor who handled our conveyancing in Mossley Hill?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that sometimes things do go wrong. Nevertheless there is recourse if you were not happy with your conveyancing in Mossley Hill. This varies from trying to resolve matters directly with them, through to reporting a conveyancer to their regulator. If things still aren’t sorted out you may consider getting in touch with the Legal Ombudsman.