Forgive me if this question is silly but I am unexperienced as a first time buyer of a garden flat in Teignmouth. Do I pick up the keys to the property on completion from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Teignmouth?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the vendor’s solicitors, and once they have received this, you will be able to collect the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
A colleague advised me that in purchasing a property in Teignmouth there may be various restrictions prohibiting external alterations to a property. Is this right?
We are aware of a number of properties in Teignmouth which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Teignmouth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Are all Teignmouth Conveyancing Quality Solicitors on the Nottingham conveyancing list of approved solicitors?
It is true that some lenders now use the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
Do commercial conveyancing searches reveal impending roadworks that could impact a commercial premises in Teignmouth?
Many commercial conveyancing solicitors in Teignmouth will conduct a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Teignmouth. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Teignmouth.
For every commercial conveyancing transaction in Teignmouth it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Teignmouth commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Teignmouth.
3 months have elapsed since my purchase conveyancing in Teignmouth completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Teignmouth is where the house is located. Can you shed any light on this issue?
Flying freeholds in Teignmouth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Teignmouth you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Teignmouth 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.
My business partner and I are looking to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no fees for non-domestic conveyancing in Teignmouth for below 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Teignmouth, including the disposal and purchase of businesses as well as simply premises. Whether you are intending to acquire or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. Regarding the fees these will vary based on the structure and nuances of the deal. Please provide us with your details or phone us so that we may provide you with comprehensive commercial conveyancing calculation.
I am in need of some leasehold conveyancing in Teignmouth. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Teignmouth - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a ground floor flat in Teignmouth, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Teignmouth with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2104
With only 79 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 plus professional fees.
The figure that we have given is a general guide to costs for extending 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 concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.