I can't travel far from Plymstock. What is the rationale as to why all Plymstock conveyancers aren't automatically on all bank panels?
Even though it may seem unfair for lenders to restrict who can represent them, from the public’s or solicitor’s viewpoint, the flip side is that lenders are increasingly anxious and regard it necessary to protect them from illegal activities. As a result of this concern lenders are limiting their conveyancing panel to a size that they are happy to control.
The Plymstock conveyancing firm handling our Plymstock conveyancing has discovered a difference when comparing the surveyor’s assumptions in the valuation report and what is revealed within the legal papers for the property. My solicitor says that he is obliged to check that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s approach appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My wife and I are selling our house in Plymstock and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Plymstock lawyer would know that there is no such problem. For the life of me I don't know why the buyers are using an internet conveyancing firm as opposed to a conveyancing solicitor in Plymstock. Having lived in Plymstock for six years we know that this is a non issue. Should we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am a sole trader planning to take an assignment of a lease of an office on the high street. Can you recommend solicitors offering no-sale-no charges for non-domestic conveyancing in Plymstock for less than 2k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Plymstock, including the disposal and acquisition of businesses as well as simply premises. Whether you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right lawyer. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Let us have your contact information or email so as to enable us to supply you with a detailed commercial conveyancing quote.
Last February I purchased a leasehold house in Plymstock. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Plymstock - A selection of Questions you should ask Prior to Purchasing
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It would be sensible to discover as much as you can concerning the managing agents as they will either make your living at the property much easier or a lot more difficult. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to day to day issues such as the upkeep of the communal areas. Ask prospective neighbours what they think of them. Finally, investigate as to the dates that the maintenance fees are due to the relevant party and specifically what it includes. Are any of leasehold owners in arrears of their service charge payments? Please note that where the lease has less than 80 years it will impact the salability of the apartment. Check with your mortgage company that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease at some point and it is worth finding out how much this will be. Remember, in most cases you would need to own the premises for a couple of years in order to be eligible to extend the lease.
Would local authority consent be needed to change a single dwelling into multiple flats in Plymstock? This has occurred to a property opposite to my home in Plymstock and was unaware of it happening until the works were done.
Planning permission is necessary for splitting a single dwelling in Plymstock into flats but possibly not for reverting once again to single dwelling-house so, simply put, yes.