About to place an offer on a leasehold property in Dawlish. The property agents advise that it is usual for flats in Dawlish to have less than 75 years remaining. I am getting a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/1/2025 the requirements read as follows :
This question may be naive but I am wet behind the ears as FTB of a ground floor flat in Dawlish. Do I receive the keys to the premises on completion from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Dawlish?
On the day of completion you will not be required to go to the conveyancers office in Dawlish. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
I am currently in the process of buying my council flat in Dawlish. I have a mortgage offer with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Kent Reliance. Is it usual for Kent Reliance to only issue the offer once my solicitor in Dawlish is approved on their conveyancing panel? Kent Reliance have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some expedited conveyancing in Dawlish as I am under pressure to complete in less than 3 weeks. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you have the choice not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Dawlish the following are instances of issues that can arise and adversely impact future mortgageability: Enforcement Actions, Overdue Fees, Overdue Grants, Railway Schemes,...
I am buying a new build flat in Dawlish. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Dawlish
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Taking into account that I will soon spend £400,000 on a garden flat in Dawlish I wish to talk to a solicitor regarding thehome move prior to instructing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you first talking to the lawyer who will be carrying out your conveyancing in Dawlish.There is no ‘factory style conveyancing’ - every client is an important person, not a matter number. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Dawlish should be the figure that you are charged.
My partner has recommend that I use his conveyancers in Dawlish. Should I use them?
There are no two ways about it the ideal way to find a conveyancing practitioner is to have recommendations from friends or relatives who have previously instructed the firm you're are thinking of instructing.