Are the BSA planning on creating a searchable register to to identify law firms on the Loughborough BS conveyancing panel for instance in Newton Abbot?
We have not been informed any intention on the part of the BSA to develop such a search facility.
My wife and I purchasing a 4 bedroom semi-detached house in Newton Abbot. Our aim is to an extension at the rear at the house.Will legal due diligence on the property involve enquiries to ascertain if these works are prohibited?
Your conveyancer should review the deeds as conveyancing in Newton Abbot will on occasion reveal restrictions in the title documents which restrict certain changes or necessitated the consent of a 3rd party. Certain extensions call for local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
I am buying a property in Newton Abbot. One unusual aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Santander your lawyer must comply with the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for Santander. The CML Handbook stipulates minimum specifications for solar panel roof-space leases, and solicitors are required to report to Santander where a lease does not comply with these specifications. The conditions relate to the installation of panels on properties nationwide and is not limited to Newton Abbot.
Completion of my remortgage has taken place for my property in Newton Abbot. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I have a semi-detached Edwardian property in Newton Abbot. Conveyancing solicitor acted for me and Skipton Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same property. Is it worth asking Skipton Building Society to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newton Abbot and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing practitioner who conducted the purchase.
Due to the input of my in-laws I had a survey completed on a house in Newton Abbot before appointing lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders may refuse to give a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Newton Abbot. Conveyancing will be smoother if you use a solicitor in Newton Abbot especially if they are accustomed to such properties in Newton Abbot.
I am tempted by the attractive purchase price for a two maisonettes in Newton Abbot which have approximately 50 years remaining on the leases. should I be concerned?
There are plenty of short leases in Newton Abbot. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the value of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this field.
Leasehold Conveyancing in Newton Abbot - Sample of Questions you should consider before Purchasing
Please note if it is no more than eighty years it will have adverse implications on the marketability of the apartment. It is worth checking with your lender that they are content with residual term of the lease. A short lease means that you will probably require a lease extension sooner rather than later and it is worth finding out how much this would cost. For most Newton Abbotlease extensions you will need to own the premises for two years in order to be legally able to exercise a lease extension. Make sure you investigate if the the lease includes any unreasonable restrictions in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Newton Abbot. If you like the propertyin Newton Abbot but your cat is not allowed to make the move with you then you have a very difficult decision. Are any of leasehold owners in arrears of their service charge payments?
I have been informed by various friends to expect six to eight weeks for Newton Abbot conveyancing to complete.This was 3 ago. The property information was only sent to my conveyancing practitioner last week so now does it countdown?
You should be pragmatic concerning timelines. Conveyancing in Newton Abbot usually takes about two months. This timeframe is not because solicitor are slow and willfully delay matters. The level of money involved in purchasing any residence is so high, the buyer’s conveyancer needing to raise a wide range of queries, searches and other checks to protect the buyer and their mortgage company (if there is to be a home loan) from expensive, avoidable problems. Conveyancing in Newton Abbot involves getting information from an array of different parties, for example other conveyancing practitioner, local councils, private companies, lenders. Many of these are well organised. Plenty aren't. And remember, no matter how quickly your conveyancing practitioner do their job, if the people you are buying from or are selling to aren't ready, nothing can move forward until they are up to speed.