I am purchasing a terraced house in Paignton. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Paignton you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Paignton.
2 months have gone by following my purchase conveyancing in Paignton took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Paignton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Paignton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Paignton you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Paignton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are 17 days into a leasehold purchase having been referred to solicitors by the local agent to execute conveyancing in Paignton. I am am very disappointed with the quality of service. Could you help me find new conveyancers?
They would have to be really bad to suggest diss instructing them. Has the loan offer been generated? In the event that it has you need to make them aware of the new contact details and have the offer are re-issued. The solicitor ideally needs to be on the lenders approved list to avoid added charges and complications. So that should be your starting point. Our find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Paignton
I am a negotiator for a busy estate agent office in Paignton where we see a number of leasehold sales derailed as a result of short leases. I have received inconsistent advice from local Paignton conveyancing firms. Could you clarify whether the seller of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a garden flat in Paignton, conveyancing formalities finalised March 2007. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Paignton with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease ceases on 21st October 2082
With 57 years remaining on your lease we estimate the premium for your lease extension to span between £28,500 and £33,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
My wife and I recently discovered that one of the directors of the solicitors handling the purchase conveyancing in Paignton is is the sister of the vendor. Is this acceptable?
Provided there is no conflict of interest this should be fine. If you are needing mortgage finance then the lender may have a say as many banks have specific instructions on this. For example for Skipton Building Society as of 4/12/2025, the requirements read as follows :