Last October we completed a house move in Martock. We have since encountered a number of problems with the house which we believe were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been conducted for conveyancing in Martock?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Martock. Conveyancing searches and due diligence initiated as part of the legal transfer of property are carried out to help avoid problems. As part of the process, a property owner fills in a questionnaire called a SPIF. answers ends up being misleading, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Martock.
We are looking to buy a house and need a conveyancing solicitor in Martock who is on the Virgin Money solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Martock.
My aunt passed away last year and as sole heir and executor I was left the property in Martock. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
Given you intend to refinance then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
We are buying a apartment in Martock. I might seem paranoid but how we can trust a solicitor? On completion day we will need to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are due to move house in February. Will my conveyancing solicitor update the removal company on the completion day. Incidentally, can you recommend a removal company in Martock. Conveyancing firm was organised before I stumbled across your website.
On the afternoon of completion you can pick up the house keys from your selling agent however this should only be done after the sellers solicitors advise the agent that they have the completion monies and the keys can be passed over. After that you should tell the removal men that you are ready to move in. As a matter of policy we do not recommend a particular removal organisation but can assist you in finding a conveyancing in Martock or a lawyer that specialises in conveyancing in Martock.
After months of negotiation I have agreed a price on a house in Martock. My financial adviser pressured me to appoint their solicitor. I paid an upfront payment of £175. A couple of days later, the lawyer called me to say that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Martock I like with a park and transport links in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Martock for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I am looking at a couple of maisonettes in Martock both have in the region of forty five years remaining on the lease term. Do I need to be concerned?
There are plenty of short leases in Martock. The lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the saleability of the lease decreases and it becomes more expensive to acquire a lease extension. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.
I invested in buying a 1st floor flat in Martock, conveyancing formalities finalised in 1995. Can you work out an approximate cost of a lease extension? Comparable properties in Martock with a long lease are worth £190,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2086
With only 62 years unexpired the likely cost is going to span between £17,100 and £19,800 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 investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.