My wife and I are soon to exchange buying a house in Kington but as a consequence of wreckage from the recent storms I have managed to agree recompense from the owner of £3k taking the form of a deduction in the price. This was going to be addressed as part of the conveyancing process however Aldermore will not permit this. Why were they approached?
Any property lawyer being on the Aldermore conveyancing panel is required to inform Aldermore of any changes to the purchase price. If you were to refuse your conveyancer to disclose the price change to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new lawyer for your conveyancing in Kington.
five months have gone by since my purchase conveyancing in Kington 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.
The estate agent has sent us the confirmation of our purchase of a new build flat in Kington. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Kington
-
Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
My husband and I are first time buyers - agreed a price, but the estate agent advised that the vendor will only go ahead if we instruct the agent's recommended solicitors as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Kington
It is improbable the vendors are driving this. Should the owner require ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Contact the owners directly and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you intend to instruct your own,trusted Kington conveyancing firm - not the ones that will provide the negotiator at the agency a kickback or achieve conveyancing figures demanded by senior management.
Can you offer any advice when it comes to finding a Kington conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Kington conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Kington conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
-
If the firm is not ALEP accredited then why not? Can they put you in touch with clients in Kington who can give a testimonial?
I acquired a garden flat in Kington, conveyancing formalities finalised May 2006. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Kington with over 90 years remaining are worth £179,000. The ground rent is £65 levied per year. The lease terminates on 21st October 2083
With 57 years unexpired we estimate the premium for your lease extension to range between £26,600 and £30,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.