three months have gone by since my purchase conveyancing in Falconwood concluded. I have checked the Land Registry site which shows that I paid £175,000 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 asset 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Falconwood in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some banks will refuse to issue a loan on such a property.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Falconwood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Falconwood to see if the conveyancing costs will increase in light of this.
I have been sourcing a conveyancing solicitor in Falconwood for my home move. Is there any facility to review a firm’s record with the profession’s regulator?
You can read published Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator may recorded call for training requirements.
I've recently bought a leasehold house in Falconwood. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee 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).
Following years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Falconwood. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We are happy to put you in touch with a Falconwood conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Falconwood premises is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case was in relation to 1 flat.
Our lender agreed in principle to issue us a mortgage. We have retained a long established conveyancer in Falconwood last week. This morning, our broker phoned to advise us that the lender said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the bank had some control over our choice Is this allowed?
You are at liberty to choose any property lawyer you wish to select including the said conveyancer in Falconwood but if they are not on the your bank's panel you would have to fork out additional cost so your lender can appoint their own solicitors as well to protect their interest. sometimes it is possible your preferred conveyancing firm to get included on to the bank panel. Do make the most of web-based search facilities including lenderpanel.com to find a conveyancing solcitor in Falconwood on the lender panel. You can go into your local lender branch in Falconwood. They will know some good conveyancing solicitors in Falconwood on the approved list.