Why do I have to pay up front for conveyancing in Tadworth?
If you are buying a property in Tadworth your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. Generally this is called for to cover the fees of the conveyancing searches. If any deposit is payable against the total price then this will be needed shortly before contracts are exchanged. The closing balance that is needed should be sent to your lawyer shortly before completion.
What does a local search inform me concerning the property we're buying in Tadworth?
Tadworth conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search plays an important part in most Tadworth conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
It has been four months since my purchase conveyancing in Tadworth concluded. 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 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.
How does conveyancing in Tadworth differ for new build properties?
Most buyers of new build or newly converted property in Tadworth contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Tadworth tend to acquire 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 used to new build conveyancing in Tadworth or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Tadworth before appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some lenders may refuse to give a loan on such a home.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Tadworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tadworth to see if the conveyancing will be more expensive.
The solicitors carrying out our conveyancing in Tadworth has forwarded papers to review that show the land is unregistered with epitome documents. Surely all houses in Tadworth are registered?
Although most properties in Tadworth are now registered with HM Land Registry there are still a few that remain unregistered. Any property in Tadworth that has been purchased since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Tadworth property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Tadworth conveyancing lawyers will be familiar with such matters but in the event that uncertainty reigns the prevailing proposition these days appears to be for the seller to address the registration formalities first and thereafter sell - this will have a knock on effect to result in a significant delay.