My wife and I are about to exchange on the purchase of a property in Somerton but as a result of wreckage from the recent storms I have was able negotiate recompense from the current proprietors of £3k in the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement yet Clydesdale will not permit this. Should they have been notified?
Any lawyer that is on a Clydesdale approved list is obliged to inform Clydesdale of any changes to the sale price. If you prohibit your solicitor to notify the price change to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new solicitor for your conveyancing in Somerton.
Will conveyancers request money on account when it comes to conveyancing in Somerton?
If you are buying a property in Somerton your solicitor will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the total price then this should be required shortly ahead of exchange of contracts. The final balance that is due should be transferred shortly before completion.
five months have gone by since my purchase conveyancing in Somerton completed. I have checked the Land Registry site 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 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.
I am buying a new build flat in Somerton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Somerton
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.
As co-executor for the will of my uncle I am selling a residence in Neath but live in Somerton. My solicitor (based 235 kilometers awayhas requested that I sign a statutory declaration ahead of completion. Could you suggest a conveyancing practitioner in Somerton who can attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Somerton based