We are about to exchange buying a house in Ledbury but as a result of damage from some water damage at the property I have was able negotiate reparation from the current proprietors in the sum of six thousand pounds in the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract yet Virgin Money are not allowing this. Should they have been approached?
Your conveyancing practitioner being on a Virgin Money conveyancing panel is required to disclose to Virgin Money of any variations to the sale price. If you were to refuse your property lawyer to disclose the reduction to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new conveyancer for your conveyancing in Ledbury.
What is your number one tip for choosing a conveyancing solicitor in Ledbury
We would encourage you not to go for the cheapest Ledbury conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
My wife and I buying a detached bungalow in Ledbury. Our aim is to an extension at the rear at the house.Will legal conveyancing on the property involve investigations to ascertain if these alterations are allowed?
Your property lawyer will review the registered title as conveyancing in Ledbury will occasionally reveal restrictions in the title documents which prevent categories of works or require the consent of a 3rd party. Many works require local authority planning consent and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I'm in the process of looking at houses in Ledbury and I am about to put in an offer. Is it advisable to have my lawyer on ‘stand by’? I intend to finance via a home loan with Virgin Money.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are taking out a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.
I need some fast conveyancing in Ledbury as I am under pressure to sign on the dotted line inside one month. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are not getting a home loan you have the choice not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Ledbury the following are instances of what can arise and therefore impact future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
2 months have gone by since my purchase conveyancing in Ledbury concluded. I have checked the Land Registry website which shows that I paid £175,000 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 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 have been on the look out for a ground for flat up to £245,000 and found one round the corner in Ledbury I like with a park and transport links nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Ledbury in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.