I am about to complete on the purchase of a house in Beaconsfield but as a result of damage from a small fire at the property I have was able negotiate compensation from the owner in the sum of three thousand pounds in the form of a reduction in the price. This was going to be addressed as part of the conveyancing process but Lloyds will not agree to this. Should they have been informed?
Your conveyancer that is on the Lloyds approved list is obliged to advise Lloyds of any variations to the sale price. If you were to refuse your property lawyer to report the reduction to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new conveyancer for your conveyancing in Beaconsfield.
We are planning to acquire a flat and require a conveyancing solicitor in Beaconsfield who is on the Kent Reliance conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Beaconsfield.
It has been four months since my purchase conveyancing in Beaconsfield took place. I have checked the Land Registry website which shows that I paid £175,000 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 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.
Am I right to be suspicious about third parties that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a High Street Beaconsfield conveyancing company?
As is the case with many service providers, often input from family and friends can be very helpful. Yet there are lots of players in a conveyancing matter; estate agents, financial adviser and lenders may suggest solicitors to choose. On occasion the lawyers might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the endorsement. You have the right to select your own conveyancer. Don't forget that some banks have an approved list of solicitors you must use for the mortgage related work in your house move.
I own a leasehold flat in Beaconsfield. Conveyancing and Britannia mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Beaconsfield who previously acted has long since retired. Do I pay?
First contact HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to instruct a Beaconsfield conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a split level flat in Beaconsfield, conveyancing formalities finalised 6 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Beaconsfield with an extended lease are worth £201,000. The ground rent is £45 yearly. The lease runs out on 21st October 2086
With 65 years remaining on your lease we estimate the premium for your lease extension to be between £13,300 and £15,400 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
Why do I have to send my conveyancing practitioner with numerous items of identification ahead of starting selling or buying a property in Beaconsfield?
Beaconsfield property lawyers are required by the Law Society, SRA, HM Land Registry and current AML legislation to record that the have checked the identity of their clients. It will also be a condition of your lender if you are obtaining a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, NI number and date of birth.