We note that you have a post code search directory listing solicitors on the Principality conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Limbury?

We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Limbury.

three months have elapsed following my purchase conveyancing in Limbury took place. I have checked the Land Registry site which shows that I paid £200,000 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 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 am buying a new build flat in Limbury. Conveyancing is daunting 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 Limbury

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. 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.

I decided to have a survey done on a house in Limbury prior to instructing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will not grant a mortgage on a flying freehold premises.

It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Limbury. Conveyancing will be smoother if you use a solicitor in Limbury especially if they are acquainted with such properties in Limbury.

I've recently bought a leasehold flat in Limbury. Do I have any liability for service charges for periods before 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. It is an essential part 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).

Limbury Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

It is important to be aware whether a new roof is being installed or some other major work is coming up to be shared between the leaseholders and will dramatically increase the the maintenance costs or necessitate a one time invoice. Are there any major works on the horizon that will add a premium to the service costs? How many years remain on the lease?