Our mortgage company has suggested solicitors on their panel based in Ottery St Mary but I would rather instruct a conveyancing lawyer in Ottery St Mary or nearer to where I live. Are you able to help?
Not all Ottery St Mary conveyancing practices are on all banks conveyancing panel. Use the above find an approved solicitor tool to locate a Ottery St Mary conveyancing conveyancer on the on the lender panel.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one close by in Ottery St Mary I like with a park and railway links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Ottery St Mary suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I'm refinancing my primary home to a BTL loan with Barclays Direct and intend to use the remaining equity as a down payment on another property. The area we are talking about is Ottery St Mary. Will your conveyancers be able to act for the two lenders and tie in the transactions?
Do use our search tool on this page to be sure that the solicitors are on the relevant lender panels. Assuming that they are your solicitor will be able to tie up the two deals but you should talk with you lawyer and specify your desired outcome and needs.
Am I better off to appoint a Ottery St Mary conveyancing practitioner in close proximity to the house I am buying? I have an old university friend who can handle the legal work but her office is 200miles away.
The benefit of a high street Ottery St Mary conveyancing firm is that you can attend the office to sign documents, hand in your identification documents and apply pressure on them if necessary. They will also have local insight which is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were happy that must trump using an unfamiliar Ottery St Mary conveyancing lawyer solely due to them being based in the area.
I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have since found out that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a leasehold house in Ottery St Mary. Conveyancing advisers have are about to be instructed. Will they explain the issues?
Most houses in Ottery St Mary are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Ottery St Mary so you should seriously consider shopping around for a Ottery St Mary conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your solicitor will advise you fully on all the issues.
Leasehold Conveyancing in Ottery St Mary - Sample of Questions you should consider Prior to buying
How much is the annual maintenance fee and ground rent? Are there any major works anticipated that will increase the service costs?
I acquired a house in Ottery St Mary last 3/2/2020 and to date it is still not recorded with HMLR. It is part of a new estate and my solicitor told me that it can take 12 months to register. I have spoken with HM Land Registry directly and they say that the original application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your conveyancing practitioner that you really need to contact in order to satisfy any issues which have been raised as part of the registration formalities for your Ottery St Mary property. Normal Ottery St Mary conveyancing practice includes an undertaking on the part of the previous owner’s lawyer that they will help resolve any requirements raised by HMLR so it may be a case of taking action to enforce that undertaking if necessary.