Me and my wife are buying our first property. Our conveyancing practitioner has calledto check if we wish to purchase additional conveyancing searches. Frankly we have no idea as to what's relevant for conveyancing in Bridport
The range of Bridport conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your general approach to risk. What matters is that you properly comprehend what information the searches could provide. You may then make a decision if you consider that you need that information. Where you are in doubt, ask your property lawyer to explain.
A friend recommended that if I am buying in Bridport I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Bridport conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Bridport around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bridport Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Bridport Education with maps and statistics, Local Amenities and other useful information about Bridport.
three months have elapsed since my purchase conveyancing in Bridport completed. I have checked the Land Registry website which shows that I paid £200,000 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 Bridport differ for newly converted properties?
Most buyers of new build premises in Bridport come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Bridport usually purchase the site, 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 Bridport or who has acted in the same development.
I am looking for a conveyancing lawyer in Bridport for my house move. Is there any facility to review a solicitor's record with the profession’s regulator?
One may review published Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA may recorded call for training reasons.
What are your top tips when it comes to choosing a Bridport conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Bridport conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Bridport conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
Can they put you in touch with clients in Bridport who can give a testimonial? How familiar is the firm with lease extension legislation?
Bridport Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
What restrictions exist in the Bridport Lease? How much is the maintenance charge and ground rent on the property? Many Bridport leasehold apartments will be liable to pay a service charge for maintenance of the block invoiced by the freeholder. If you buy the apartment you will have to meet this contribution, normally quarterly during the year. This may vary from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a rentcharge to be met annual, normally this is not a large sum, say about £50-£100 but you should to check it because on occasion it can be surprisingly expensive.