2 months have gone by since my purchase conveyancing in Fulham 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 asset 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've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Fulham is the location of the property. What do you suggest?
Flying freeholds in Fulham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fulham you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fulham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We're first time buyers - had an offer accepted, yet the selling agent informed us that the seller will only move forward if we appoint the agent's preferred conveyancers as they need an ‘expedited deal’. We would rather use a local solicitor used to conveyancing in Fulham
It is unlikely the sellers are driving this. If they want ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Contact the owners directly and make the point 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 Fulham conveyancing firm - rather thanthose that will give their estate agent a commission or hit his conveyancing thresholds demanded by HQ.
Planning to exchange soon on a ground floor flat in Fulham. Conveyancing lawyers have said that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Fulham should include some of the following:
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It needs to be made clear to you whether the lease permits you to change or improve aspects of the flat- you should be made aware as to whether any restrictions relates to all alterations or limited to structural alteration, and whether licences for alterations is required
Do you need to have carpet in the flat or are you allowed wood flooring?
Details of the parties to the lease, e.g. these could be the leaseholder, head lessor, freeholder
What you can do if another tenant in the building breaches a clause of their lease?
Are pets allowed in the flat?
Fulham Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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Is there a share of the freehold?
Plenty Fulham leasehold properties will have a service charge for the upkeep of the building set by the management company. Where you acquire the property you will have to meet this charge, normally quarterly throughout the year. This can be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a rentcharge to be met yearly, ordinarily this is not a significant amount, say approximately £25-£75 but you need to check as sometimes it can be many hundreds of pounds.
Why is New Build conveyancing in Fulham more expensive?
Conveyancing in Fulham for recently converted or new build homes often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental queries and contractual considerations.