It has been 2 months since my purchase conveyancing in Rowley Regis concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 premises 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 Rowley Regis differ for new build properties?
Most buyers of new build or newly converted property in Rowley Regis contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Rowley Regis usually acquire the real estate, 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 property lawyers 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 Rowley Regis or who has acted in the same development.
I'm converting the mortgage on my existing property to a buy to let mortgage with Bank of Scotland and I will use the ballance of the raised equity as a down payment on another house. The neighborhood we are looking at is Rowley Regis. Will your lawyers be able to act for the two mortgage companies and link together the conveyances?
Do use our comparison tool on this page to ensure that the lawyers are on the appropriate lender panels. Having checked that they are your lawyer will be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and make apparent your expectations and needs.
Having had my offer accepted I require leasehold conveyancing in Rowley Regis. Before I get started I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Rowley Regis - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1 bedroom flat in Rowley Regis, conveyancing formalities finalised in 2006. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Rowley Regis with over 90 years remaining are worth £175,000. The average or mid-range amount of ground rent is £65 levied per year. The lease ends on 21st October 2083
With just 58 years remaining on your lease we estimate the price of your lease extension to span between £23,800 and £27,400 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
We are about to purchasing a house in Rowley Regis. Conveyancing is not yet done but we wish to keep our purchase price a secret from sites such as Nestoria. Is this achievable and how?
HM Land Registry as a matter of law bound to reveal price paid information on the official title for residential properties nationwide including homes in Rowley Regis. The Title Register is an open document, so the Land Registry would be breaking the law if they did not permit access to the register.
You can ask HM Land Registry to hide the amount paid entry however the answer would be a No.