AssumingI was to buy a freehold housein Rawtenstall for cash and dispense with a survey and no local authority searches how much could I expect to have to pay for conveyancing in Rawtenstall?
Any savings you would achieve would be isolated to the Rawtenstall conveyancing searches. Your lawyer still be obliged to do everything else - money laundering, communicating with your sellers property lawyer, stamp duty return, register the property etc. A marginal saving might be made by not needing to register a charge but it won't be significant.
I require quick conveyancing in Rawtenstall as I am under an ultimatum to complete inside one month. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to have searches carried out although no lawyer would advise that you don't. With lots of history conveyancing in Rawtenstall the following are instances of issues that can appear and therefore affect future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
four months have gone by following my purchase conveyancing in Rawtenstall completed. I have checked the Land Registry site which shows that I paid £150,000 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 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Rawtenstall I like with a park and station in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Rawtenstall suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Our solicitor in Rawtenstall has uncovered a a problem with the lease for the property we are purchasing in Rawtenstall. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that as he is on the mortgage company conveyancing panel he must check that the lender is happy with this solution. Are we the client or is the bank?
Just because you have a mortgage offer from the lender does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Rawtenstall conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the lender are the client. The appropriate lender requirements have to be complied with by the mortgage company conveyancing panel who has to balance acting for you and the bank