4 months have elapsed since my purchase conveyancing in Lechlade completed. I have checked the Land Registry website which shows that I paid £175,000 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 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.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Lechlade. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Lechlade

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I opted to have a survey done on a house in Lechlade before retaining lawyers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some banks tend refuse to grant a loan on this type of property.

It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lechlade. Conveyancing will be smoother if you use a solicitor in Lechlade especially if they are familiar with such properties in Lechlade.

Leasehold Conveyancing in Lechlade - A selection of Queries before Purchasing

Are any of leasehold owners in arrears of their service charge liability? Who are the managing agents? Please note if it is less than 80 years it will affect the value of the flat. Check with your bank that they are happy with residual term of the lease. Leases with less than 80 years remaining means that you will most likely require a lease extension at some point and it is worth discovering how much this will be. Remember, in most cases you will need to own the premises for a couple of years in order to be eligible to extend the lease.

How easy is it to change a solicitor as I need to find a Lechlade based firm who is on the bank conveyancing panel. How simple is it to change conveyancer?

In the event that you have not formally instructed a conveyancer to start work and have just received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Lechlade that you're considering.