Me and my partner are due to exchange buying a property in Corby but as a consequence of wreckage from the recent storms I have managed to agree compensation from the owner in the sum of six thousand pounds taking the form of a adjustment in the price. I had intended this to be addressed as part of amending the contract yet Principality are not allowing this. Should they have been notified?
Your solicitor being on the Principality conveyancing panel is obliged to inform Principality of any amendments to the sale price. If you were to refuse your lawyer to disclose the reduction to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new conveyancer for your conveyancing in Corby.
Having sold my house in Corby last November but my buyer keeps telephoning daily to say their conveyancer needs to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your disposal your lawyer is duty bound to send the transfer deeds and all of the paperwork to the purchaser's solicitors. Where relevant, your solicitor must also send confirmation that the mortgage has been repaid to the buyers lawyers. There are no post completion requirements specific conveyancing in Corby.
It has been five months since my purchase conveyancing in Corby took place. I have checked the Land Registry website which shows that I paid £175,000 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.
I am looking for a flat up to £195,000 and found one round the corner in Corby I like with amenity areas and station in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Corby in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may 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 solicitor regarding this matter.
In what way can the Landlord & Tenant Act 1954 impact my business premises in Corby and how can you help?
The 1954 Act provides a safeguard to business tenants, giving them the right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Corby
Do lenders provide you with an approved list of Corby solicitors? How do you know who is on the bank conveyancing panel?
Corby firms and firms carrying out conveyancing in Corby themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.