Should lawyers request money up-front for my conveyancing in Torpoint?
Where you are retaining lawyers for conveyancing in Torpoint your solicitor will request that you place them with funds to cover the the cost of the conveyancing searches. Normally this is requested to cover the fees of the Local Authority Search. When the deposit is as part of the sale price then this will be asked for shortly before exchange of contracts. Any further balance that is needed should be transferred shortly before completion.
About to place an offer on a leasehold apartment in Torpoint. The property agents say that it is normal for flats in Torpoint to have less than 75 years unexpired on the lease. I am obtaining a loan with Virgin. Will the property be mortgageable given that the lease has 69 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/1/2026 the requirements read as follows :
I am buying a new build house in Torpoint with a loan from Britannia. The sellers refused to reduce the price so I negotiated £7000 of extras instead. The sale representative advised me not to tell my solicitor about the deal as it may adversely affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the guidance of my in-laws I had a survey completed on a property in Torpoint in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some lenders may refuse to give a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Torpoint. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Torpoint to see if the conveyancing costs will increase in light of this.
How can the Landlord & Tenant Act 1954 impact my business property in Torpoint and how can your lawyers assist?
The particular law that you refer to provides protection to business lessees, granting the dueness to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Torpoint is one of our hundreds of locations in which the firms we work with have offices
My fiance and I may need to let out our Torpoint 1st floor flat for a while due to a career opportunity. We instructed a Torpoint conveyancing practice in 2003 but they have since shut and we did not have the foresight to seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
The lease dictates relations between the freeholder and you the leaseholder; specifically, it will set out if subletting is prohibited, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Torpoint do not contain an absolute prevention of subletting – such a clause would undoubtedly devalue the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
I invested in buying a 1st floor flat in Torpoint, conveyancing having been completed 10 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Torpoint with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease runs out on 21st October 2083
You have 57 years remaining on your lease we estimate the premium for your lease extension to range between £28,500 and £33,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.