four months have elapsed following my purchase conveyancing in Cannington took place. I have checked the Land Registry site 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 asset 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 Cannington differ for newly converted properties?

Most buyers of new build premises in Cannington contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Cannington tend to acquire 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 conveyancing solicitors 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 accustomed to new build conveyancing in Cannington or who has acted in the same development.

I'm refinancing my current house to a BTL loan with Barclays and intend to use the remaining equity as a down payment on a second property. The neighborhood we are talking about is Cannington. Will your conveyancers be able to act for both sets of mortgage companies and link together the conveyances?

Do use our comparison tool on this page to check that the solicitors are on the appropriate lender panels. On the basis that they are the conveyancer will be able to connect the two transactions but you should have a chat with you solicitor and communicate your desired outcome and requirements.

Last January I purchased a leasehold house in Cannington. Am I liable to pay service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Cannington Leasehold Conveyancing - Examples of Questions you should consider before buying

Is anyone aware of any major works in the planning that will likely add a premium to the service charges? How much is the annual service fee and ground rent? Many Cannington leasehold apartments will be liable to pay a service charge for the upkeep of the building invoiced on behalf of the management company. If you acquire the apartment you will have to pay this contribution, normally quarterly accross the year. This may differ from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a rentcharge to be met annual, this is usually not a large figure, say around £50-£100 but you should to check it because sometimes it could be prohibitively expensive.

We are looking to acquire a repression flat in Cannington and the vendor would like to complete within 28 days. Can a conveyancer complete in this timeframe? Would it be better to instruct a high street Cannington firm or an online company that advertises to complete quickly?

Visit your Cannington high street. Go in to two or three firms and request to see a conveyancing solicitor for an estimate. Discuss your situation and seek assurances on deadlines. Choose the one that seems most trustworthy. You need to choose a property lawyer on the panel of conveyancing practitioners who can act for your bank.