I am about to exchange on the purchase of a property in Broseley but as a consequence of damage from some water damage at the property I have was able negotiate recompense from the owner of £3k taking the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process but Nottingham will not permit this. Should they have been approached?
The property lawyer that is on the Nottingham conveyancing panel is duty bound to inform Nottingham of any changes to the purchase price. If you were to refuse your conveyancer to disclose the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new lawyer for your conveyancing in Broseley.
It has been three months since my purchase conveyancing in Broseley concluded. I have checked the Land Registry site which shows that I paid £200,000 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 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've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Broseley is where the house is located. What do you suggest?
Flying freeholds in Broseley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Broseley you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Broseley 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 property.
Am I better off to appoint a Broseley conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can handle the legal work however his firm is located 200kilometers drive away.
The primary upside of using a high street Broseley conveyancing firm is that you can drop in to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and they were happy that must surpass using an unknown Broseley conveyancing lawyer just because they are local.
New build sellers have recommended to me a solicitor and I've received a quote from them. It's nearly £400 less expensive than my preferred Broseley lawyer. What's the catch?
Housebuilders often have lists of lawyers who expedite matters and who know the builder's documentation and solicitor. Plenty of developers offer an incentive to use a preferred conveyancer for this reason, any increased cost can be avoided and a builder will not recommend a conveyancing warehouse and run the risk of having the transaction stall when they need an exchange inside a month. A counter-argument for not agreeing to use the suggested lawyer is that they may prove reluctant to fight for your interests for fear of upsetting the housebuilder. Where you have concerns that this may be the situation you should remain with your high street Broseley property lawyer.