four months have elapsed since my purchase conveyancing in South Ruislip 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 premises 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 South Ruislip differ for newly converted properties?
Most buyers of new build premises in South Ruislip approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because developers in South Ruislip tend to 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 conveyancing solicitors 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 used to new build conveyancing in South Ruislip or who has acted in the same development.
I am looking into buying my first house which is in South Ruislip and I am already nervous. I couldn't find anything specific about South Ruislip. Conveyancing will be needed in due course but do you know about the South Ruislip area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at South Ruislip. In the meantime here are some basic statistics that we found
Should I choose a South Ruislip conveyancing lawyer based in the location that I am purchasing? An old friend can carry out the conveyancing however they are based 400miles away.
The primary upside of using a local South Ruislip conveyancing practice is that you can visit the firm to execute documents, present your ID and apply pressure on them where appropriate. Having local South Ruislip know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and they were content that should outweigh using an unfamiliar South Ruislip conveyancing solicitor just because they are based in the area.
I am employed by a busy estate agent office in South Ruislip where we see a number of flat sales put at risk as a result of short leases. I have received conflicting advice from local South Ruislip conveyancing solicitors. Can you clarify whether the owner of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Following months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in South Ruislip. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the premium.
An example of a Lease Extension decision for a South Ruislip property is Flat 72 Queens Walk in January 2013. The Tribunals calculated the premium payable to be £22,090. This case was in relation to 1 flat. The unexpired residue of the current lease was 53.26 years.
We are in the process of a leasehold sale of a flat in South Ruislip. Conveyancing is fine but we are being charged a fortune by the managing agents. So far we have forked out £275 for a leasehold management pack and then another £200 plus VAT for supplemental queries supplied by the purchaser's solicitor.
Your conveyancer will not have any sway over the extent of the bill for this information however the average costs for the information for South Ruislip leasehold property is £350. When it comes to South Ruislip conveyancing sales it is conventional for the seller to pay for these charges. The landlord or their agents are not duty bound to answer these questions most will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Regretfully there is no statute that mandates capped charges for administrative tasks. There is no set time limit by which they are duty bound to issue the information.