It is is a decade since I bought my house in Buckfastleigh. Conveyancing solicitors have now been appointed on the sale but I am unable to locate my title deeds. Is this a major issue?
Don’t worry too much. Firstly there is a chance that the deeds will be kept by your mortgage company or they could be in the possession of the solicitor who oversaw the purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Buckfastleigh involves registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
How can we tell if a Buckfastleigh conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Buckfastleigh obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor conducting your transaction.
RBS have agreed my home loan in principle, my bid on a property in Buckfastleigh has been accepted, what are the next steps?
The estate agent will need to be advised as to your property lawyer's details (be sure the lawyers are on the lender’s panel). Telephone RBS or your financial adviser and finish off any appropriate documentation. RBS will appoint a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. RBS will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Buckfastleigh.
Our offer on a house in Buckfastleigh has been agreed to, the sellers do however have an associated purchase. The vendors have offered on on an apartment, however it’s not yet agreed to, and have viewings of other apartments booked. I have chosen a high street conveyancing solicitor in Buckfastleigh. What do I do now? At what stage do I apply for the mortgage with Kent Reliance?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then survey, Buckfastleigh conveyancing search fees, etc). The first course of action is to check that your solicitor is on the Kent Reliance conveyancing panel. As to the subsequent phase this very much dictated by the specifics of your case, desire for the property and on the state of the market. During a hot market some purchasers will apply for the mortgage with Kent Reliance and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to move forward with searches.
I'm refinancing my current home to a buy to let loan with Halifax and I will use the ballance of the raised equity towards a second property. The location we are talking about is Buckfastleigh. Will your conveyancers be able to act for both sets of banks and tie in the two deals?
Make use of our comparison tool on this site to check that the lawyers are on the appropriate lender panels. Assuming that they are the solicitor will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and communicate your desired outcome and requirements.
My husband and I are new to the buying process - had an offer accepted, but the property agent told us that the owners will only proceed if we appoint their preferred lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a family solicitor who is familiar with conveyancing in Buckfastleigh
We suspect that the owner is not behind this request. Should the owner require ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Speak to the owners direct and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Buckfastleigh conveyancing firm - not the ones that will give the estate agent a kickback or achieve conveyancing figures demanded by senior management.
Do you have any top tips for leasehold conveyancing in Buckfastleigh from the point of view of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Buckfastleigh can be avoided where you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the purchasers’ solicitors. Many freeholders or Management Companies in Buckfastleigh charge for supplying management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Buckfastleigh. A minority of Buckfastleigh leases require Licence to Assign from the landlord. If this is the case, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be nervous about purchasing a flat where there is a current dispute. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over as opposed to unresolved. If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Buckfastleigh state that internal structural changes or laying down wooden flooring require a licence from the Landlord approving such works. Where you fail to have the consents in place do not communicate with the landlord without checking with your solicitor first.
I own a 2 bed flat in Buckfastleigh, conveyancing formalities finalised in 2000. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Buckfastleigh with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ends on 21st October 2078
With only 53 years left to run we estimate the price of your lease extension to span 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 renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
Our conveyancing in Buckfastleigh is set to complete next Friday, but the people I am purchasing from wants to vacate on the Saturday PM. Do I agree to such a plan?
It is not possible to complete on a Saturday due to the bank systems are not working.