Me and my partner are due to complete on the purchase of a property in Braunstone but as a result of wreckage from a small fire at the property I have was able negotiate reparation from the owner of three thousand pounds taking the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process yet Virgin Money will not permit this. Should they have been notified?
Your solicitor being on a Virgin Money approved list is obliged to disclose to Virgin Money of any variations to the purchase price. If you were to refuse your solicitor to disclose the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new property lawyer for your conveyancing in Braunstone.
We note that you have a search directory identifying law firms on the Clydesdale conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Braunstone?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Braunstone.
Various web forums that I have visited warn that are the main cause of stalling in Braunstone conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Braunstone.
It has been four months since my purchase conveyancing in Braunstone took place. 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 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 Braunstone differ for new build properties?
Most buyers of new build residence in Braunstone approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Braunstone 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 conveyancers 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 Braunstone or who has acted in the same development.
I am looking into buying my first house which is in Braunstone and I am already nervous. I couldn't find anything specific about Braunstone. Conveyancing will be needed in due course but do you know about the Braunstone area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Braunstone. In the meantime here are some basic statistics that we found