I have a decision in principle. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to use a Farnham Common based conveyancing firm?
Do check but the the probability is that appoint one of their panel lawyers should you want the "fee-free" incentive. Contact the lender to check if they allow a monetary alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Farnham Common.
My friend advised me that where I am buying in Farnham Common I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Farnham Common conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Farnham Common around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Farnham Common Education with plans and statistics, Local Amenities and other useful information concerning Farnham Common.
four months have elapsed since my purchase conveyancing in Farnham Common completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 am looking for a leasehold apartment up to £195,000 and identified one close by in Farnham Common I like with open areas and transport links in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Farnham Common for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I'm converting the mortgage on my primary property to a buy to let mortgage with TSB and intend to use the remaining equity towards further property. The neighborhood we are looking at is Farnham Common. Will your lawyers be able to act for both sets of lenders and tie in the conveyances?
Make use of our comparison tool on this site to be sure that the lawyers are on the appropriate lender panels. On the basis that they are your lawyer will be able to connect the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and requirements.