My wife and I are soon to complete on the purchase of a property in Braunstone but as a consequence of damage from the recent storms I have managed to agree compensation from the seller in the sum of £2k in the form of a deduction in the price. I had intended this to be dealt with as part of a side agreement but Aldermore will not permit this. Why were they approached?
Your conveyancer being on a Aldermore conveyancing panel is duty bound to disclose to Aldermore of any changes to the sale price. If you were to refuse your solicitor to disclose the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new solicitor for your conveyancing in Braunstone.
We are purchasing a property and need a conveyancing solicitor in Braunstone who is on the Co-operative conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Braunstone.
It has been 2 months following my purchase conveyancing in Braunstone took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 residence 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 have been on the look out for a ground for flat up to £195,000 and found one round the corner in Braunstone I like with open areas and station nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Braunstone suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
My father has suggested that I appoint his conveyancers in Braunstone. Should I choose my own conveyancer?
No doubt the ideal way to select a conveyancing solicitor is to have guidance from friends or relatives who have actually experience in using the firm you're are thinking of instructing.