The loan agreement from Nationwide for the remortgage of my 3 room maisonette is expected by the end of next week. Can you recommend a cheap conveyancing solicitor in Salcombe?
This site is not designed to aid those in pursuit of the cheapest conveyancing solicitors in Salcombe. We can offer you excellent value conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing organisations enticing you with £100 conveyancing in Salcombe. The optimum outcome, in choosing a lawyer for cheap conveyancing, you will end up with what you pay for and at worst it will result in you being stung for additional fees and still not receive the service required.
Having sold my house in Salcombe last September but our buyer keeps texting me complaining that his conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your disposal your lawyer is duty bound to send the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. Where appropriate, your solicitor should also confirm that the home loan has been paid off to the buyers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Salcombe.
4 months have gone by following my purchase conveyancing in Salcombe completed. I have checked the Land Registry site which shows that I paid £200,000 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.
How does conveyancing in Salcombe differ for new build properties?
Most buyers of new build property in Salcombe come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Salcombe usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Salcombe or who has acted in the same development.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Salcombe I like with open areas and station nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Salcombe suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
What advice can you give us when it comes to appointing a Salcombe conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Salcombe conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Salcombe conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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Can they put you in touch with clients in Salcombe who can give a testimonial? What volume of lease extensions have they completed in Salcombe in the last year?
Leasehold Conveyancing in Salcombe - Examples of Questions you should ask Prior to Purchasing
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How much is the maintenance charge and ground rent on the property? Does the lease include onerous restrictions? You will want to discover as much as you can about the company managing the block as they will impact your use and enjoyment of the property. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to daily matters like the cleanliness of the common parts. Ask prospective neighbours what they think of their management. On a final note, investigate as to the dates that the service fees are due to the managing agents and specifically what you get for your money.