three months have gone by since my purchase conveyancing in Chorley and Eccleston concluded. 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.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Chorley and Eccleston is the location of the property. Can you offer any assistance?
Flying freeholds in Chorley and Eccleston are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chorley and Eccleston you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chorley and Eccleston may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I have been recommended by three or four local selling agents in Chorley and Eccleston to find a property lawyer on your site. What’s the financial advantage for Estate Agents to promote your lawyers over alternative conveyancing organisations?
We refuse to give any referral fee for directing people in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am using a search engine for the phrase conveyancing in Chorley and Eccleston it shows results of many property lawyersin the area. With so much choice what is the best way to find the right property lawyer for me?
The preferential method of choosing a suitable conveyancer is through a personal recommendation, so enquire of friends and those you trust who have acquired a property in Chorley and Eccleston or a respected estate agent or financial adviser. Charges for conveyancing in Chorley and Eccleston vary, so it's advisable to secure a minimum of four estimates from different companies. Make sure that you clarify that the costs are guaranteed not to to be inflated.
I have just started marketing my 2 bed flat in Chorley and Eccleston. Conveyancing is yet to be initiated, but I have just had a yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as normal given that all ground rent and maintenance charges will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a 2 bed flat in Chorley and Eccleston, conveyancing was carried out in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Chorley and Eccleston with an extended lease are worth £206,000. The ground rent is £45 per annum. The lease comes to an end on 21st October 2092
With just 67 years left to run we estimate the price of your lease extension to be between £10,500 and £12,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.