What is the optimal way of identifying a freehold conveyancing in Sidmouth?
Option 1 is to ask your friends and family who they would recommend.
Option 2 is to use a search tool on the web for conveyancing in Sidmouth. Call a couple or more firms from the list and request that they send you their conveyancing costs illustrations and discuss your needs with the solicitor who will conduct your conveyancing ahead ofmaking your choice.
Third is to use this site to help you find the right solicitors taking into account your individual expectations including the type of property,speed, complications and who the proposed mortgage company is. Do not be fooled by £99 conveyancing in Sidmouth
We are buying a flat and require a conveyancing solicitor in Sidmouth who is on the Bank of Ireland approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Sidmouth.
Have just purchased a repossessed house at auction in Sidmouth. Conveyancing is required. What are my next steps?
Having exchanged you will need to instruct a conveyancing practitioner quickly as you now have a pending deadline in which to complete the conveyancing. Every auction property will ordinarily have a corresponding legal pack. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold property the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You must give this to the solicitor instructed by you at the earliest opportunity. You also need to ensure that your finances are in order to complete the transaction on the set completion date.
I currently have a mortgage with Yorkshire BS for my property in Sidmouth. Conveyancing has been completed months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Yorkshire BS?
Your original mortgage agreement with Yorkshire BS will provide that you need their approval before renting your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel solicitor.
I had an offer accepted on a property in Sidmouth on 4/11/2025, valuation was booked 3 days after, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who dealt with the conveyancing in Sidmouth 4 years ago no longer exist. What are my options?
Assuming the title is registered the information relating to your proprietorship will be evidenced by the Land Registry under a Title Number. It is easy to conduct a search at the Land Registry, identify your house and order current copies of the property title for a small fee. Where the title is Leasehold then the Land Registry will usually retain a certified copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I have been on the look out for a ground for flat up to £235,500 and found one round the corner in Sidmouth I like with open areas and transport links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Sidmouth suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the shortness of the lease may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am attracted to a two maisonettes in Sidmouth both have approximately 50 years left on the leases. Will this present a problem?
There is no doubt about it. A leasehold apartment in Sidmouth is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the value of the property. For most purchasers and mortgage companies, leases with less than eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Sidmouth conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I inherited a studio flat in Sidmouth, conveyancing was carried out 5 years ago. How much will my lease extension cost? Equivalent properties in Sidmouth with a long lease are worth £216,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2094
You have 69 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.