My IFA requires my Salcombe law firm’s panel reference for the Lloyds conveyancing panel. How do I discover this. I have contacted my local Salcombe office but they have not got back to me yet.
You are best placed to get this information from your Salcombe lawyer . Most Salcombe conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
As someone clueless as to conveyancing in Salcombe what is your top tip you can impart for the home moving process in Salcombe
Not many law firms or advisers will tell you this but conveyancing in Salcombe or throughout Devon is often a confrontational process. Put another way, when it comes to conveyancing there is plenty of room for friction between you and others involved in the house moving process. For example, the vendor, selling agent and sometimes your lender. Selecting a solicitor for your conveyancing in Salcombe should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose role it is to act in your legal interests and to keep you safe.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor ahead of the other players in the conveyancing process.
What will a local search reveal about the property I am buying in Salcombe?
Salcombe conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Xpress Legal The local search is essential in every Salcombe conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Me and my brother have a 4 bedroom Georgian house in Salcombe. Conveyancing solicitor represented me and Barclays . I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Salcombe and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing solicitor who conducted the conveyancing.
I'm converting the mortgage on my existing house to a buy to let loan with Norwich and Peterborough Building Society and I will use the ballance of the raised equity as a down payment on further property. The location we are looking at is Salcombe. Will your solicitors be able to act for the two banks and tie in the conveyances?
Do use our comparison tool on this site to check that the solicitors are on the relevant lender panels. Having checked that they are your solicitor should be able to connect the two conveyancing matters but you should have a chat with you conveyancer and make apparent your desired outcome and requirements.
I own a leasehold house in Salcombe. Conveyancing and Yorkshire Building Society mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Salcombe who acted for me is not around. Do I pay?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Salcombe conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a ground floor flat in Salcombe, conveyancing formalities finalised 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 £195,000. The ground rent is £45 levied per year. The lease ends on 21st October 2087
With 62 years unexpired we estimate the price of your lease extension to be between £17,100 and £19,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.