My IFA has requested my Salcombe lawyer’ panel member for the Nat West conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local Salcombe office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Salcombe solicitor . They retain a central record lender panel numbers.
What is the difference between a licensed conveyancer and conveyancing solicitor in Salcombe
There are many recorded licenced Conveyancers in Salcombe and Solicitor practices in Salcombe to choose from It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can conduct associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
A relative advised me that in purchasing a property in Salcombe there may be a number of restrictions prohibiting external alterations to the property. Is this right?
There are a number of properties in Salcombe which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Salcombe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
How can we tell if a Salcombe conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Salcombe obtaining recommendations is a sensible start. 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 which is cheap as chips. We would always advise that you speak with the solicitor carrying out your transaction.
Will our conveyancer be asking questions concerning flooding during the conveyancing in Salcombe.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Salcombe. Some people will purchase a house in Salcombe, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, but there are a number of checks that can be carried out by the purchaser or by their lawyers which can figure out the risks in Salcombe. The conventional set of property information forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to discover whether the premises has suffered from flooding. If flooding has previously occurred and is not notified by the owner, then a buyer could commence a legal claim for losses as a result of such an misleading reply. The buyer’s conveyancers will also commission an environmental report. This should indicate whether there is a recorded flood risk. If so, more detailed investigations should be made.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Salcombe I like with a park and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Salcombe in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Is it possible to swap firm as I have to instruct one who is on the Coventry Building Society conveyancing list. I had appointed a family conveyancing solicitor in Salcombe five minutes from me but he is not accepted by Coventry Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Salcombe on the Coventry Building Society panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Salcombe. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Salcombe.
I've recently bought a leasehold house in Salcombe. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, 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 own a 1st floor flat in Salcombe, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Salcombe with a long lease are worth £190,000. The ground rent is £65 per annum. The lease runs out on 21st October 2086
With only 61 years left to run we estimate the price of your lease extension to be between £19,000 and £22,000 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. 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 clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.