It has been 4 months since my purchase conveyancing in Gwaelod Y Garth 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.
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Gwaelod Y Garth I like with a park and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Gwaelod Y Garth in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage that many years will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Is there anything unique about name of site and other online quote calculators for conveyancing in Gwaelod Y Garth?
At name of site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Gwaelod Y Garth. Unlike many estate agents and many comparison sites we do not have kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm paying the most kickback, as opposed to the best value conveyancing in Gwaelod Y Garth