I am need of leasehold conveyancing for an apartment in a fairly new development (five years built) in Oldland. 95% of the properties are already occupied. Do I need carry out the conveyancing searches as part of conveyancing in Oldland?
Conveyancing Searches are a critical link in the Oldland conveyancing process. There are numerous search providers who offer Oldland conveyancing searches, as well direct from the local authority. These are generally termed personal search organisation and they produce, not surprisingly, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must obtain their data from the local authoritative source.
Can you explain why leasehold purchase conveyancing in Oldland is more expensive?
Oldland leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
A friend suggested that where I am buying in Oldland I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Oldland conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Oldland around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Oldland Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Oldland.
It has been five months since my purchase conveyancing in Oldland completed. 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 residence 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 opted to have a survey done on a property in Oldland in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks tend not issue a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Oldland. Conveyancing may be slightly more expensive based on your lender's requirements.