Much to our surprise we have been notified by our broker that my Clophill property lawyer is not on the lender Solicitor panel. What can I do to be certain that this is indeed the case?
You need to contact your Clophill conveyancer. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
The housing market in Clophill is hotting up. What can I do to speed up matters?
First, If the seller is applying time constraints to complete we would recommend that your conveyancer is familiar with the area as they will make use of local relationships and insight. It is possible that they could have transacted previousproperties in the same road. Therefore consider using a Clophill conveyancing firm. Second, ensure that the conveyancing firm is on the member panel. It is said that 18% of Clophill conveyancing deals are delayed or jeopardised after finding out that a purchaser’s solicitor was not on their banks list of approved solicitors. In many cases this discovery resulted in the buying process being held up by as much as 21 days. It is said that this issue affects in the region of one hundred thousand home sales every year. Almost all Clophill conveyancing firms can not act for certain mortgage companies so do check as early as possible.
It has been 2 months following my purchase conveyancing in Clophill completed. 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 Clophill differ for new build properties?
Most buyers of new build residence in Clophill come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Clophill typically 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 conveyancing solicitors 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 Clophill or who has acted in the same development.
I am looking for a ground for flat up to £245,000 and identified one round the corner in Clophill I like with a park and station in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Clophill for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
My in 2008. He has since got wed, divorced and in recent months got married again. He now wishes to the sell the Clophill property. I believe he will just be need to provide a copy of the marriage certificates to the lawyer however he is concerned it could hold up the conveyancing. Should he instruct a lawyer to update the Land Registry information for the property?
It is not absolutely necessary to update the register providing you have the proof required to demonstrate how the change of name occurred.
Any buyer’s property lawyer will review the land registry details and require evidence to prove the name change for example marriage certificates.