A relative pointed out to me me that in buying a property in Teignmouth there may be a number of restrictions prohibiting external changes to a property. Is this right?
We are aware of anumerous of properties in Teignmouth which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Teignmouth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We had selected conveyancers based in Teignmouth on the Lloyds solicitor approved list. They are now charging me a separate fee for dealing with the Lloyds mortgage. Is this an additional conveyancing fee set by Lloyds?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer may charge a fee for this. This fee is not set by Lloyds but by your Teignmouth property lawyer. Numerous firms on the Lloyds panel will quote an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
The formalities of my remortgage has taken place for my property in Teignmouth. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Teignmouth?
Many commercial conveyancing solicitors in Teignmouth will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Teignmouth. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Teignmouth.
For each commercial conveyancing transaction in Teignmouth it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Teignmouth commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Teignmouth.
I'm buying my first flat in Teignmouth benefiting from help to buy. The builders refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not reveal to my solicitor about the deal as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Teignmouth is the location of the property. What do you suggest?
Flying freeholds in Teignmouth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Teignmouth 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 Teignmouth may decide 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 residence.
How simple is it to transfer to a new firm as I have to find one who is on the Accord Mortgages Ltd conveyancing list. I instructed a family conveyancing solicitor in Teignmouth round the corner but he is not approved by Accord Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Teignmouth on the Accord Mortgages Ltd panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Teignmouth. In utilising search facility on this site, you can compare fees for conveyancing solicitors in Teignmouth and beyond.
My wife and I purchased a leasehold house in Teignmouth. Conveyancing and Platform Home Loans Ltd mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Teignmouth who previously acted has now retired. Do I pay?
First contact HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to instruct a Teignmouth conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a studio flat in Teignmouth, conveyancing formalities finalised 7 years ago. How much will my lease extension cost? Equivalent properties in Teignmouth with over 90 years remaining are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ceases on 21st October 2105
With only 80 years left to run we estimate the price of your lease extension to range between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.