I decided to go with a high street firm for our conveyancing in West Beckton yesterday. Upon checking the Ts and Cs I seewe are liable for charges even where the transaction does not complete. Should I go with them or use an internet lawyer promoting no move no charge conveyancing in West Beckton?
It is usually ‘give and take’ in that if "No Completion No Fee" is available then the fee levels will generally be uplifted to cover those cases that do not go ahead. Also remember that these promotions generally do not cover expenditure for example West Beckton conveyancing search costs.
I own a freehold house in West Beckton but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in West Beckton and has limited impact for conveyancing in West Beckton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I need some expedited conveyancing in West Beckton as I am under pressure to complete inside 3 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to have searches carried out although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in West Beckton the following are examples of what can show up and adversely affect market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
3 months have gone by since my purchase conveyancing in West Beckton took place. I have checked the Land Registry site which shows that I paid £175,000 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 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 am purchasing my first flat in West Beckton with the aid of help to buy. The builders refused to budge the amount so I negotiated 6k of extras instead. The estate agent advised me not disclose to my conveyancer about the extras as it may jeopardize my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a property in West Beckton before appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies tend not issue a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Halifax. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in West Beckton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Beckton to see if the conveyancing will be more expensive.