I require conveyancing for a flat in a relatively new development (seven years old) in Totnes. The vast majority the flats are already disposed of. Do I need carry out the conveyancing searches for my conveyancing in Totnes?
You are opening yourself up to an unnecessary risk in not carrying out Totnes conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would seriously advise in the strongest possible terms that your solicitor conducts them. Where accelerating the process and price are primary concerns you should consider with your conveyancer about the options such as contingency insurance available to you
At what point does exchange of contracts occur in sale conveyancing in Totnes and do I need to attend the solicitors branch?
If you are round the corner to our conveyancing solicitors in Totnes you are invited in to sign the paperwork. However, the firms we work with provide a national conveyancing service and provide as equally detailed and professional a job for you when dealing with you by post or email. The executing of the sale agreement is not the point of no return. Signing on the dotted line is necessary for the firm to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Totnes)to be in the office at the appropriate time.
I have been told that property searches are a common cause of obstruction in Totnes house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Searches are not likely to feature in any holding up conveyancing in Totnes.
How straightforward is it to use your search tool to locate a conveyancing lawyer in Totnes on the panel for my lender?
Step one is to choose a bank such as Nationwide Building Society, Skipton Building Society or Platform Home Loans Ltd then choose your preferred area such as Totnes. Conveyancing organisations in Totnes and further afield will then be listed.
I am in need of some leasehold conveyancing in Totnes. Before diving in I require certainty as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Totnes - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a ground floor flat in Totnes, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Totnes with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ends on 21st October 2088
You have 66 years remaining on your lease we estimate the price of your lease extension to be between £11,400 and £13,200 as well as costs.
The figure 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 detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt 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 before getting professional advice.
A couple of months ago I was told by my mortgage company that their approved conveyancers work on no move no fee basis for conveyancing in Totnes. I had a purchase fall through and now the solicitors want search fees! They are stating that the fees are seperate!
Totnes conveyancing search fees are disbursements not legal fees as these are paid to a third party.