4 months have gone by since my purchase conveyancing in South Woodham Ferrers concluded. I have checked the Land Registry website which shows that I paid £150,000 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 residence 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 carried out on a house in South Woodham Ferrers ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders tend not issue a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Woodham Ferrers. Conveyancing will be smoother if you use a solicitor in South Woodham Ferrers especially if they are familiar with such properties in South Woodham Ferrers.
Taking into account that I will soon part with over three hundred thousand on 3 bedroom house in South Woodham Ferrers I wish to have a conversation with the conveyancer regarding theconveyancing in advance of giving the go ahead to the firm. Can this be arranged?
This is something that we encourage - we would be pleased to talk to you we do not take any clients on without you first talking to the lawyer due to be carrying out your conveyancing in South Woodham Ferrers.There is no ‘factory style conveyancing’ - each client is unique person, not a case reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in South Woodham Ferrers should be the amount on the final invoice that you are charged.
I need to appoint a conveyancing solicitor for purchase conveyancing in South Woodham Ferrers. I happened to chance upon a web site which appears to be the perfect offering If there is a chance to get all this stuff done via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am attracted to a two apartments in South Woodham Ferrers which have about 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As the lease shortens the marketability of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this area.
South Woodham Ferrers Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing
How is the lease structured? The prefered form of lease arrangement is where the freehold reversion is in the ownership of the leaseholders. In this situation the lessees benefit from being in charge if their destiny and although a managing agent is frequently retained if it is larger than a house conversion, the managing agent retained by the leaseholders. Does the lease have onerous restrictions?
When it comes to my conveyancing in South Woodham Ferrers should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some South Woodham Ferrers conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.