I was notified yesterday by my IFA that my Oakdale property lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to call your Oakdale lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they may recommend you to a Oakdale conveyancing practice that is on the conveyancing panel for your lender.
In what way does my ID and proof of funds have anything to do with my conveyancing in Oakdale? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Terms and Conditions that you need to sign should stipulate this. Your lender will also require certain documents to be viewed. Where you refuse to provide identification documents, your conveyancer would not be able to act for you.
It has been five months following my purchase conveyancing in Oakdale completed. I have checked the Land Registry website 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 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one near me in Oakdale I like with a park and station in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Oakdale in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan that many years will likely be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
What makes your site different to other internet conveyancing brokers for conveyancing in Oakdale?
At this site obtain an accurate quote from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Oakdale. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your property ownership legalities in Oakdale
How and when do I pay the Stamp Duty Land Tax chargeable for my Oakdale property purchase?
Your solicitor should complete a Land Transaction Return Form for you during your Oakdale purchase transaction for you to sign. On completion your solicitor will submit the Land Transaction Return Form to the Tax Authorities and - as long as they have the funds - pay any Stamp Duty liability for you.