Can the conveyancing lawyers that you recommend handle conveyancing in Tiverton by way of an attended exchange?
We do have a number of conveyancing experts carrying out attended exchanges. Do e-mail us to secure a fee calculation and details as to dates.
Why is leasehold purchase conveyancing in Tiverton costs more?
In summary, leasehold conveyancing in Tiverton and elsewhere usually warrants extra work compared to freehold conveyancing. This includes reviewing the lease, liaising with the landlord concerning the service of applicable notices, procuring current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
My aunt passed away last year and as sole heir and executor I was left the house in Tiverton. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
I am selling my home. My past conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Tiverton if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Tiverton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am attracted to a two apartments in Tiverton which have about forty five years remaining on the leases. Will this present a problem?
There is no doubt about it. A leasehold apartment in Tiverton is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it reduces the value of the premises. For most purchasers and banks, leases with under 75 years become less and less attractive. 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 property 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 a property 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 Tiverton 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.
Leasehold Conveyancing in Tiverton - Sample of Queries before Purchasing
It is important to be aware if redecorating or some other major work is due shortly to be shared by the leasehold owners and will dramatically increase the the maintenance charges or require a one off payment. On the whole the cost for major works are not built into the service charges, albeit that there some managing agents in Tiverton ask tenants to contribute towards a reserve fund and this is used to offset against major repairs or maintenance.
How much experience do your Tiverton conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Tiverton conveyancing lawyers help thousands of people move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Tiverton conveyancers have worked on recent similar cases.