My brother and I have lately acquired a house in Plympton. We have since encountered a number of issues with the property which we believe were overlooked in the conveyancing searches. What action can we take? Can you clarify the type of searches that should have been carried out for conveyancing in Plympton?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Plympton. Conveyancing searches and investigations initiated during the legal transfer of property are designed to help avoid problems. As part of the process, a seller fills in a questionnaire known as a Seller’s Property Information Form. If the information ends up being inaccurate, you may have a misrepresentation claim against the vendor 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 Plympton.
I need some expedited conveyancing in Plympton as I have an ultimatum to sign on the dotted line inside 4 weeks. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you are at liberty not to have searches carried out although no lawyer would advise that you don't. With lots of history conveyancing in Plympton the following are examples of what can arise and adversely impact future mortgageability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
Due to the input of my in-laws I had a survey completed on a house in Plympton in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some lenders may refuse to give a loan on such a house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Plympton. Conveyancing will be smoother if you use a solicitor in Plympton especially if they are acquainted with such properties in Plympton.
Given that I am about to part with £400,000 on a property in Plympton I would like to have a conversation with the lawyer regarding theconveyancing before giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you liaising with the lawyer due to be carrying out your property ownership legalities in Plympton.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Plympton should be the figure that you end up paying.
Last July I purchased a leasehold house in Plympton. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a 2 bed flat in Plympton, conveyancing having been completed 5 years ago. How much will my lease extension cost? Corresponding flats in Plympton with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease finishes on 21st October 2086
With 60 years unexpired the likely cost is going to be between £20,000 and £23,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use this information 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. Please do not move forward placing reliance on this information without first getting professional advice.
Me and my husband have agreed a price on a Plympton apartment left to us 8 years ago in 2012. I have over ten years conveyancing experience and, now retired, see no reason not to carry out my own conveyancing. The buyer's lawyer has informed me that their Lenders will not allow us to do our own conveyancing insisting the funds to be sent to a solicitor's bank account.
Lending requirements to lawyers from all mainstream lenders state that If the seller does not have legal representation the purchaser’s lawyers should check whether the lender needs to be told so that a decision can be made as to whether they are prepared to proceed.