I require conveyancing for a flat in a fairly new development (seven years old) in Lee On The Solent. Almost all the flats have already been sold. Is it strictly necessary to order neighbourhood searches as part of conveyancing in Lee On The Solent?
You would be opening yourself up to an unnecessary risk in failing carrying out Lee On The Solent conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would seriously advise in no uncertain terms that your solicitor conducts them. Where time pressures and expenses are primary concerns you should discuss with your lawyer about the options such as indemnity insurance available to you
I have an AIP. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would much rather use a Lee On The Solent based conveyancing firm?
You should check but the chances are that allocate you one of their panel lawyers where you take up the "fee-free" incentive. Call the mortgage company and explore if they make available a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Lee On The Solent.
I need some quick conveyancing in Lee On The Solent as I am under an ultimatum to complete in less than one month. A mortgage is not required. Can I decline from having conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at free not to have searches conducted although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in Lee On The Solent the following are examples of issues that can be revealed and therefore impact market value: Enforcement Notices, Outstanding Charges, Overdue Grants, Road Schemes,...
five months have gone by following my purchase conveyancing in Lee On The Solent completed. I have checked the Land Registry website which shows that I paid £150,000 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 property 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Lee On The Solent is the location of the property. Can you offer any opinion?
Flying freeholds in Lee On The Solent are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lee On The Solent you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lee On The Solent may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Partway through the sale of a leasehold flat in Lee On The Solent. Conveyancing lawyers are doing their job but we have been asked to pay an extortionate amount by the freeholder. To date we have issued a cheque for £225 for a leasehold management information and then another £117.20 for additional questions supplied by the purchaser's property lawyer.
You will not have control over the level of the fee for this information but the average costs for the information for Lee On The Solent leasehold premises is £395. When it comes to Lee On The Solent conveyancing sales it is customary for the owner to cover the charges. The freeholder or their agents are under no statutory obligation to address such questions although many will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no law that mandates capped charges for administrative tasks. There is no statutory time limit by which they are obliged to supply answers.