A colleague pointed out to me me that in buying a property in Shrewsbury there may be various restrictions preventing external alterations to a property. Is this right?
There are a number of properties in Shrewsbury which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Shrewsbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
It has been four months since my purchase conveyancing in Shrewsbury concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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.
How does conveyancing in Shrewsbury differ for newly converted properties?
Most buyers of new build residence in Shrewsbury approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Shrewsbury usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Shrewsbury or who has acted in the same development.