We are buying our first house. The conveyancing practitioner has e-mailedto see if we want to order supplemental conveyancing searches. As novices we in the dark as to what's relevant for conveyancing in Luton
The quantity and type of Luton conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your familiarity of the area and risks, your general appetite to risk. What is important is that you adequately appreciate what information the searches could provide. Then you can make a decision if you consider that you need that information. Should you be unclear, ask your conveyancing practitioner to advise.
At what point can the exchange of contracts occur in purchase conveyancing in Luton and do I need to be at the conveyancers office?
Where you are local to one of the conveyancing solicitors in Luton you are invited in to sign documents. That being said, the lender approved solicitors we recommend offer a countrywide conveyancing service and provide as equally diligent and professional a job for you when dealing with you digitally. The signing of the sale agreement is not the important part. A signed contract is necessary for the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Luton)to be in the office available at the end of the phone to exchange contracts.
4 months have elapsed since my purchase conveyancing in Luton concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 premises 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 opted to have a survey completed on a property in Luton in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders may not grant a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Luton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Luton to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Luton and I am already nervous. I couldn't find anything specific about Luton. Conveyancing will be needed in due course but do you know about the Luton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Luton. In the meantime here are some basic statistics that we found
My husband and I are first time buyers - had an offer accepted, but the agent has warned us that the seller will only go ahead if we use the agent's recommended solicitors as they need a ‘quick sale’. My instinct tells me that we should use a family solicitor who is familiar with conveyancing in Luton
We suspect that the seller is unaware of this request. Should the owner want ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Bypass the agents and go straight to the sellers and explain that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to instruct your preferred Luton conveyancing solicitors - not the ones that will provide their estate agent a commission or meet his conveyancing thresholds set by corporate headquarters.