It has been three months since my purchase conveyancing in Cirencester took place. I have checked the Land Registry site which shows that I paid £200,000 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 Cirencester differ for new build properties?
Most buyers of new build residence in Cirencester come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Cirencester usually 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 Cirencester or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Cirencester in advance of retaining solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies tend not give a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cirencester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cirencester to see if the conveyancing will be more expensive.
What does commercial conveyancing in Cirencester cover?
Cirencester conveyancing for business premises incorporates a broad array of services, supplied by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Can you offer any advice when it comes to choosing a Cirencester conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Cirencester conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Cirencester conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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How familiar is the firm with lease extension legislation?
Leasehold Conveyancing in Cirencester - Examples of Queries before Purchasing
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How many years remain on the lease? Many Cirencester leasehold properties will have a service charge for maintenance of the block invoiced by the landlord. Should you purchase the flat you will have to meet this liability, usually in instalments throughout the year. This can vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all likelihood there will be a rentcharge for you to pay annual, this is usually not a large amount, say approximately £25-£75 but you should to enquire it because sometimes it can be surprisingly expensive. Its a good idea to find out as much as you can concerning the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to every day issues like the cleanliness of the communal areas. You should not be shy to ask other tenants what they think of their management. Finally, investigate as to the dates that the maintenance charges are due to the managing agents and specifically how they are spending that money.
I am planning to acquire a house and need a conveyancing solicitor in Cirencester who is on the mortgage company conveyancing panel. Can you recommend a Cirencester or local Cirencester conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who carry out conveyancing in Cirencester. We dont recommend any particular firm.