It is a dozen years since I purchased my property in Great Linford. Conveyancing lawyers have just been appointed on the sale but I can't locate the title documents. Will this cause complications?
Don’t worry too much. First the deeds may be retained by the mortgage company or they could be in the possession of the conveyancers who acted in the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Great Linford relates to registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
We hope to to purchase with Norwich and Peterborough Building Society. I went into a couple of high street companies yet am unable to find a Great Linford conveyancing firm on the Norwich and Peterborough Building Society panel. Please you assist?
You should take advantage of the search tool on this site. Pick the lender and type Great Linford or your preferred area and you will see numerous solicitors based in Great Linford or by proximity to you.
Will my conveyancer be raising questions about flooding during the conveyancing in Great Linford.
The risk of flooding is if increasing concern for lawyers dealing with homes in Great Linford. There are those who buy a house in Great Linford, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a numerous checks that can be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Great Linford. The conventional set of property information forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the seller to determine if the property has suffered from flooding. If flooding has previously occurred which is not disclosed by the vendor, then a buyer could commence a legal claim for losses resulting from an misleading response. A buyer’s lawyers may also conduct an environmental search. This will indicate whether there is a recorded flood risk. If so, additional inquiries will need to be initiated.
2 months have gone by since my purchase conveyancing in Great Linford completed. I have checked the Land Registry website 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.
I am looking for a flat up to £245,000 and identified one close by in Great Linford I like with amenity areas and railway links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Great Linford in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease will be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
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At this site get an accurate quote from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Great Linford. As opposed to estate agents and many comparison sites we do not charge firms a commission if you instruct them for your property ownership legalities in Great Linford