The property market in Shipston on Stour is heating up. What can I do to speed up matters?
First, If you are under time constraints for your conveyancing it is advisable to make sure that your lawyer is familiar with the area as they will make use of local relationships and know-how. It is even conceivable that they may have handled previoushomes in the same road. Therefore consider using a Shipston on Stour conveyancing lawyer. Second, check that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Shipston on Stour conveyancing transactions are held up or jeopardised after finding out that a purchaser’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the conveyancing being held up by almost three weeks. It is said that this issue affects approximately one hundred thousand home sales every year. Almost all Shipston on Stour conveyancing firms can not act for certain mortgage companies so do check at the outset.
Why is leasehold purchase conveyancing in Shipston on Stour costs more?
The conveyancing charges on a leasehold property in Shipston on Stour is inevitably more expensive as compared to a freehold transaction. This is because there is an amount of supplemental investigations necessary in dealing with the freeholder and managing agents to collate the evidence concerning whether the rent and service fee have been discharged and whether there are any major works due in the near future on repairs or maintenance of the block.
I had intended to instruct a property lawyer in Shipston on Stour for our house purchase. Our financial adviser has since notified us that our mortgage lenders Barclays Direct won't deal with them. Surely this is unfair competition?
Banks in the main restrict either the category or the number of conveyancing practices on their panel. Typical examples of such restriction(s) being that a law practice must not be a sole practitioner. As well as restricting the profile of firm, some have decided to limit the number of solicitor practices they use to act for them. You should note that Barclays Direct have no responsibility for the quality of advice provided by any member of Barclays Direct Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels a few years ago even though there remains mixed views about the level of solicitor engagement in some of that fraud. Statistics from the Land Registry indicate that hundreds of law firms, including some in or near Shipston on Stour only conduct very few conveyances a year.
three months have gone by since my purchase conveyancing in Shipston on Stour completed. I have checked the Land Registry website which shows that I paid £175,000 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 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.
As co-executor for the will of my grandfather I am selling a house in Neath but reside in Shipston on Stour. My lawyer (based 300 kilometers awayhas requested that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in Shipston on Stour who can attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Shipston on Stour based