It has been 3 months since my purchase conveyancing in Seaton Delaval took place. I have checked the Land Registry site which shows that I paid £175,000 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 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.
I opted to have a survey done on a house in Seaton Delaval in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies will not grant a mortgage on such a home.
It varies from the lender to lender. Santander has different requirements from Halifax. If you call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Seaton Delaval. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been sourcing a conveyancing lawyer in Seaton Delaval for my purchase. Can I see a firm’s complaints history with the profession’s regulator?
Anyone may review presented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded call for training requirements.
I've recently bought a leasehold house in Seaton Delaval. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner 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).
I acquired a leasehold flat in Seaton Delaval, conveyancing was carried out 4 years ago. How much will my lease extension cost? Similar properties in Seaton Delaval with an extended lease are worth £227,000. The ground rent is £50 invoiced every year. The lease ends on 21st October 2096
With only 72 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
My partner is purchasing a shared ownership flat in Seaton Delaval. He was given a quote by the conveyancer connected to the estate agents and it came to £1250 . It was 9 years ago I sold and purchased a home and the fee was £600. Have charges really escalated to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Seaton Delaval searches, land registry fees, etc)