A mortgage offer from Santander for the refinancing of my 3 room maisonette is coming within the next few days. Can you propose a low cost conveyancing solicitor in Topsham?
You are on the wrong site if you are seeking the lowest fares for conveyancing solicitors in Topsham. We can offer you affordable conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing companies teasing you with £100 conveyancing in Topsham. The optimum result, in deciding on cheap conveyancing, you will get your money’s worth and at worst you will end up paying a lot in extras and still not end up with the service you were looking for.
I purchased a freehold residence in Topsham but still pay rent, why is this and what is this?
It’s unusual for properties in Topsham and has limited impact for conveyancing in Topsham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when purchasing a house in Topsham?
Unless a prior purchase of the property took place post 12 October 2013 you may take it that conveyancing practitioners conducting conveyancing in Topsham to continue to advocate a chancel search and or chancel repair liability insurance.
How does conveyancing in Topsham differ for newly converted properties?
Most buyers of new build property in Topsham come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Topsham typically purchase the site, 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 accustomed to new build conveyancing in Topsham or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Topsham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Topsham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Topsham you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Topsham 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.
I have just started marketing my ground floor flat in Topsham. Conveyancing solicitors are to be appointed soon, but I have just had a quarterly maintenance charge invoice – what should I do?
The sensible thing to do is clear the maintenance contribution as you normally would because all ground rent and service charges should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a leasehold flat in Topsham, conveyancing was carried out April 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Topsham with an extended lease are worth £186,000. The ground rent is £55 yearly. The lease ends on 21st October 2075
You have 53 years unexpired the likely cost is going to range between £27,600 and £31,800 as well as professional fees.
The suggested premium range that we have given is 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 investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.