4 months have elapsed following my purchase conveyancing in Snodland concluded. I have checked the Land Registry site which shows that I paid £150,000 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.
I'm buying my first flat in Snodland with the aid of help to buy. The developers refused to reduce the price so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my lawyer about this side-deal as it could affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Snodland is where the house is located. What do you suggest?
Flying freeholds in Snodland are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Snodland you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Snodland 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 residence.
Are there any apps to help identify a Snodland solicitor on the Barnsley Building Society conveyancing panel? I have wheels and am happy to travel upto 25miles to meet the lawyer.
Feel free to make use of the tool on this page. Please pick a lender and your location and you will see a number of Snodland conveyancing lawyers based on proximity. We have listed some Snodland conveyancing firms towards the end of this page and you can telephone them to see if they are on the Barnsley Building Society member panel
Can you provide any advice for leasehold conveyancing in Snodland with the intention of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Snodland can be reduced if you instruct lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the buyers’ lawyers. The majority of landlords or Management Companies in Snodland charge for supplying management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Snodland. You believe that you know the number of years left on your lease but it would be wise to double-check by asking your solicitors. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the lease term is under 80 years. In the circumstances it is important at an early stage that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. If you are supposed to have a share in the freehold, you should make sure that you are holding the original share document. Arranging a new share certificate can be a lengthy formality and frustrates many a Snodland home move. If a duplicate share is needed, do contact the company officers or managing agents (where relevant) for this at the earliest opportunity. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you installed wooden flooring? Most leases in Snodland state that internal structural changes or addition of wooden flooring calls for a licence from the Landlord acquiescing to such works. Should you fail to have the paperwork in place do not communicate with the landlord without checking with your conveyancer first.
Snodland Leasehold Conveyancing - Sample of Queries Prior to buying
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Does the lease have onerous restrictions? Best to be warned whether changing the roof or some other significant cost is due shortly that will be shared by the leaseholders and could well dramatically impact the level of the maintenance charges or result in a one time invoice. This information is helpful as a) areas can result in problems for the block as the common areas may begin to deteriorate where maintenance remain unpaid b) if the leasehold owners have a dispute with the managing agents you will need to have all the details