AssumingI was to purchase a simple residential homein Corbridge for cash and have no survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Corbridge?
Any savings you would make would be limited to the Corbridge conveyancing searches. Your solicitor still be obliged to do everything else - money laundering, correspond with the sellers lawyer, SDLT submission, register the property etc. A marginal saving might be made by not needing to register a mortgage however it won't be significant.
It has been four months following my purchase conveyancing in Corbridge completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 property 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'm converting the mortgage on my current property to a BTL loan with Britannia and I will use the ballance of the raised equity towards another property. The location we are talking about is Corbridge. Will your lawyers be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our comparison tool on this site to check that the solicitors are approved by both lenders. Assuming that they are the solicitor should be able to connect the two transactions but you should talk with you solicitor and communicate your expectations and needs.
My step-father has urged me to use his conveyancers in Corbridge. Should I use them?
There are no two ways about it it’s preferable to select a conveyancing practitioner is to get feedback from friends or family who have actually experience in using the conveyancer you're contemplating using.
Last June I purchased a leasehold property in Corbridge. Do I have any liability for service charges relating to a period prior to completion of my purchase?
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).
Corbridge Conveyancing for Leasehold Flats - Sample of Queries before buying
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Who takes charge for maintaining and repairing the block? You should want to find out as much as you can concerning the company managing the building as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to practical matters such as the upkeep of the communal areas. Ask prospective neighbours what they think of their service. Finally, be sure you know the dates that you are obliged pay the maintenance charge to the managing agents and specifically what you get for your money. Is there a share of the freehold?