After what seems like an age a loan agreement from NatWest for the refinancing of my single bedroom flat is due by the end of next week. Could you recommend a low cost conveyancing solicitor in Lynton?
You are on the wrong site if you are in need of the cheapest conveyancing solicitors in Lynton. We can offer you affordable conveyancing but we do not work with the cheapest lawyers. Do not be seduced by organisations offering the bait of £100 conveyancing in Lynton. Optimistically, in deciding on cheap conveyancing, you will earn what you pay for and at worst it will result in you paying a lot in additional fees and still not receive the service required.
Can I use your services to locate a Conveyancing solicitor in Lynton even where I’m not buying or selling a house, for example where I want to acquire an office in Lynton with a mortgage from Bank of Scotland?
The service is predominantly there to locate domestic conveyancing solicitors in Lynton but we have listed at the bottom of this page a selection of Lynton commercial conveyancing firms. You should enquire with the solicitors directly to check if they are also authorised to represent Bank of Scotland
I am considering applying for a Virgin Money mortgage for purchase of a newly converted (under development) in Lynton with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Virgin Money ?
In theory, you could use a solicitor that is not on the Virgin Money conveyancing panel, but Virgin Money would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
My wife and I buying a 3 bedroom semi in Lynton. We would like to carry out a loft conversion at the house.Will legal due diligence on the property involve enquiries to determine if these alterations are permitted?
Your solicitor should check the registered title as conveyancing in Lynton can on occasion reveal restrictions in the title documents which restrict categories of changes or need the permission of another owner. Some additions call for local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
I'm the only beneficiary of my late father’s will with all property in now in my sole name, including the house in Lynton. The Lynton property was put into my name in December. I want to move. I do know about the CML 6 month 'rule', meaning my proprietorship may be regarded the same way as though I had purchased the house in December. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Some mortgage companies would take a sensible view as this clause is principally there to identify subsales or the quick reselling of properties.
My fiancee and I are in the throws of looking at houses in Lynton and I am about to put in an offer. Should I already have a conveyancing practitioner appointed at this stage? I am planning to take a mortgage with Clydesdale.
It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are getting a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
Are there any apps to help locate a Lynton law firm on the Bank of Scotland conveyancing panel? I have a car and am happy to travel upto 10kilometers to meet the lawyer.
You can use the facility on this page. Please pick a bank and your location and you will see a number of Lynton conveyancing lawyers based on proximity. We have detailed some Lynton conveyancing firms at the bottom of this page and you can telephone them to see if they are on the Bank of Scotland approved list
I am looking at a two apartments in Lynton both have approximately fifty years remaining on the leases. Will this present a problem?
A lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease decreases and results in it becoming more expensive to acquire a lease extension. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this field.
I acquired a 1 bedroom flat in Lynton, conveyancing formalities finalised May 2009. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Lynton with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease ceases on 21st October 2073
With 52 years unexpired the likely cost is going to span between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.