Forgive me if this question is silly but I am wet behind the ears as a first time purchaser of a ground floor flat in Dartmouth. Do I collect the keys to the house on the completion date from my conveyancer? If so, I will find a local conveyancing solicitor in Dartmouth?
On the day of completion you will not be required to attend the conveyancers office in Dartmouth. Your solicitors will transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be called to receive the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
I happen to be the only beneficiary of my late mum's estate with all property in now in my sole name, including the house in Dartmouth. Conveyancing formalities meant that the Land Registry date was in April. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the property in April. Do I have to wait 6 months to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. Most banks would take a practical view as this provision is chiefly there to capture subsales or the quick reselling of properties.
I have decided to exercise my right to buy my property in Dartmouth off the council. I have a mortgage offer with Coventry BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
How does conveyancing in Dartmouth differ for new build properties?
Most buyers of new build property in Dartmouth approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Dartmouth typically purchase 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 conveyancing solicitors 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 Dartmouth or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and found one round the corner in Dartmouth I like with a park and transport links in the vicinity, the downside is that it only has 49 years on the lease. There is not much else in Dartmouth suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
What does commercial conveyancing in Dartmouth cover?
Non domestic conveyancing in Dartmouth incorporates a wide range of advice, given by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am using a search engine for the term on line conveyancing in Dartmouth it brings up many conveyancersin the area. How do I determine which is the right solicitor for purchase transaction?
The ideal way of finding a suitable conveyancer is through a personal recommendation, so enquire of friends and those you trust who have bought a property in Dartmouth or the local estate agent or financial adviser. Charges for conveyancing in Dartmouth differ, so it's sensible to obtain a minimum of four costs illustrations from varying types of conveyancers. Dont forget to clarify what costs in the quote includes.
How do I find the right lawyer for my conveyancing in Dartmouth ?
First ask your friends and family who they used in the past and if they were happy with the service. Option 2 is to look on the internet for conveyancing in Dartmouth. Phone two or three from the list and ask them to email you their conveyancing fees and speak to the lawyer who will handle your conveyancing before you make your decision. Option 3 is to make use of our search tool to assist you in finding the right lawyers for you based on your unique requirements including location,speed, complexity and who the proposed mortgage company is.Do not be fooled by £99 conveyancing solicitors in Dartmouth