I am need of leasehold conveyancing for a flat in a fairly new development (seven years old) in Welling. Almost all the appartments are already sold. Is it really necessary to order neighbourhood searches as part of conveyancing in Welling?
Where you are obtaining a mortgage, your bank will require some (many) of the searches so you'll have no choice. If not, then Welling conveyancing searches are optional. No doubt your conveyancer, will ’encourage’, perhaps in the strongest possible terms, that you should not go ahead without searches, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Welling.
I am the registered owner of a freehold property in Welling but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Welling and has limited impact for conveyancing in Welling but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
My flat in Welling is up for sale and I have a purchaser. Will the conveyancer have to be required to be on the Leeds Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
4 months have elapsed following my purchase conveyancing in Welling concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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.
In sourcing the web for the phrase cheap conveyancing in Welling it reveals many conveyancersin the area. How do I determine which is the right conveyancing solicitor for my move?
The preferential method of seeking the right conveyancer is through a personal recommendation, so enquire of colleagues and those you trust who have purchased a property in Welling or a reputable estate agent or financial adviser. Fees for conveyancing in Welling vary, so it's a good idea to obtain a minimum of four estimates from varying types of conveyancers. Make sure that you clarify what costs in the quote includes.