What is the first thing I need to know regarding purchase conveyancing in Ivybridge?
You may not hear this from too many lawyers but conveyancing in Ivybridge and elsewhere in England and Wales is an adversarial process. Put another way, when it comes to conveyancing there is plenty of opportunity for conflict between you and others involved in the legal transfer of property. For example, the vendor, property agent and on occasion a lender. Appointing a law firm for your conveyancing in Ivybridge should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the transaction whose interest is to act in your legal interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. You must always trust your solicitor above the other parties in the conveyancing process.
My wife and I have recently appointed a conveyancing solicitor in Ivybridge. I need to find out whether they are accepted on the Chelsea Building Society conveyancing panel. Can you advise?
You should e-mail your lawyer and enquire if they are on the lender panel. Alternatively you should get in touch with Chelsea Building Society who may be able to confirm.
Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who did the conveyancing in Ivybridge 5 years ago have long since closed. Will I be able to sell the house?
Assuming the title is registered the details of your proprietorship will be recorded by HMLR with a Title Number. It is easy to execute a search at the Land Registry, identify your property and obtain current copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be ordered for a small fee.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Ivybridge is where the house is located. Is there any advice you can impart?
Flying freeholds in Ivybridge are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ivybridge you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ivybridge 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 property.
I need to find a conveyancing solicitor for my conveyancing in Ivybridge. I have stumble upon a web site which appears to be the perfect solution If it is possible to get all formalities done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've found a house that appears to tick a lot of boxes, at a reasonable price which is making it more attractive. I have just discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Ivybridge. Conveyancing solicitors have are about to be appointed. Will they explain the issues?
Most houses in Ivybridge are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are buying in Ivybridge in which case you should be shopping around for a Ivybridge conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the property is part of an estate. Your conveyancer should report to you on the legal implications.
I purchased a 1st floor flat in Ivybridge, conveyancing having been completed 8 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Ivybridge with an extended lease are worth £207,000. The average or mid-range amount of ground rent is £60 invoiced annually. The lease ends on 21st October 2082
With only 57 years remaining on your lease we estimate the price of your lease extension to span between £28,500 and £33,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.