It has been three months following my purchase conveyancing in Royston took place. I have checked the Land Registry site 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Royston before appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies will refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Royston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Royston to see if the conveyancing costs will increase in light of this.
Should I be concerned by 3rd parties that I am dealing with are recommending an online conveyancing firm as opposed to a High Street Royston conveyancing company?
As with lots of service providers, often referrals from connections can be very helpful. But there are numerous people with a keen interest in a conveyancing deal; estate agents, financial adviser and mortgage companies might all suggest solicitors to select. Sometimes the solicitors might be known to one of the organisations as being good in their field, but occasionally there might be a commercial relationship behind the endorsement. You have the discretion to choose your preferred lawyer. However, bear in mind that most mortgage providers operate an approved list of lawyers you must use for the mortgage aspect of your house move.