At what point will exchange of contracts take place for purchase conveyancing in Newton Abbot and do I need to be at the conveyancers office?
If you are local to our conveyancing solicitors in Newton Abbot you are invited in to sign contracts. However, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you digitally. The signing of the contract is not the important part. A signed contract simply enables the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Newton Abbot)to be in the office at the appropriate time.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Newton Abbot. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/4/2025, the requirements read as follows :
What can a local search tell me about the house we're buying in Newton Abbot?
Newton Abbot conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search plays a central role in most Newton Abbot conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
The estate agent has sent us the confirmation of our purchase of a new build flat in Newton Abbot. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Newton Abbot
-
The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have been on the look out for a flat up to £245,000 and identified one close by in Newton Abbot I like with a park and railway links in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Newton Abbot suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage that many years will be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
My cousin has recommend that I use his conveyancing solicitors in Newton Abbot. Should I find my own solicitor?
No doubt the ideal way to find a conveyancing practitioner is to seek referrals from friends or family who have experience in using the firm you're considering.