Finally the sale completed on my house in Southgate last January but the buyer keeps Skype messaging me to moan that her conveyancer needs to hear from mysolicitor. What should have happened now that I have sold?
After completion of your sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer should also confirm that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There are no post completion tasks unique to conveyancing in Southgate.
What can a local search tell me regarding the property we're buying in Southgate?
Southgate conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for example Searches UK The local search is essential in every Southgate conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search will provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
It has been 3 months following my purchase conveyancing in Southgate completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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.
How does conveyancing in Southgate differ for new build properties?
Most buyers of new build premises in Southgate contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Southgate typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Southgate or who has acted in the same development.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Southgate I like with a park and railway links in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Southgate suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
What can I expect to pay for conveyancing in Southgate?
The amount you are charged for Southgate conveyancing charges will vary dramatically from company to company. In the circumstances it is particularly critical for you to find this out before you choose a lawyer. It is advisable to find two or more like for like quotes.