It is a dozen years since I purchased my home in Markfield. Conveyancing lawyers have just been appointed on the sale but I can't find my deeds. Is this a problem?
Don’t worry too much. First the deeds may be kept by your lender or they may be in the possession of the conveyancers who acted in the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Markfield involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
four months have gone by following my purchase conveyancing in Markfield completed. I have checked the Land Registry website 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.
How does conveyancing in Markfield differ for newly converted properties?
Most buyers of new build residence in Markfield come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Markfield typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Markfield or who has acted in the same development.
How does the Landlord & Tenant Act 1954 affect my business offices in Markfield and how can you help?
The 1954 Act gives a safeguard to commercial lessees, giving them the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Markfield is one of the hundreds of locations in which our lawyers have offices
The estate agent has suggested using their property lawyer for our conveyancing in Markfield - Surely it’s better to just use them?
It is not always the case and you are free to opt for whichever property lawyer you prefer for your Markfield conveyancing. The property lawyer suggested by a 3rd party adviser may not necessarily be the best property lawyer, they may put forward their own conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancing practitioner and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.