As someone not used to conveyancing in Potswood what’s your top tip you can impart for the ownership transfer in Potswood
Not many law firms or advisers will tell you this but conveyancing in Potswood and elsewhere in England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the legal transfer of property. For instance, the seller, estate agent and sometimes your mortgage company. Appointing a solicitor for your conveyancing in Potswood should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose role it is to look after your legal interests and to protect you.
On occasion a potential adversary may try and convince you that you should follow their advice. As an example, the property agent may claim to be helping by claiming that your conveyancer is dragging his heels. Or your mortgage broker may advise you to do something that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties in the conveyancing process.
five months have gone by following my purchase conveyancing in Potswood completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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.
How does conveyancing in Potswood differ for new build properties?
Most buyers of new build property in Potswood contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Potswood usually buy the land, 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 property lawyers 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 Potswood or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Potswood is the location of the property. Is there any guidance you can give?
Flying freeholds in Potswood are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Potswood you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Potswood may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am looking into buying my first house which is in Potswood and I am already nervous. I couldn't find anything specific about Potswood. Conveyancing will be needed in due course but do you know about the Potswood area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Potswood. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my father I am disposing of a property in Monmouth but I am based in Potswood. My lawyer (approximately 260 miles from merequires that I execute a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing practitioner in Potswood who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are located in Potswood