We note that you have a post code search directory identifying firms on the UBS conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Teignmouth?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Teignmouth.
I used Stirling Law several years ago for my conveyancing in Teignmouth. Now, I need my files but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Teignmouth of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a leasehold apartment up to £245,000 and found one near me in Teignmouth I like with a park and station in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Teignmouth suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years may be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I have been recommended by a few estate agents in Teignmouth to get a quote from a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to market your lawyers ahead of alternative conveyancing organisations?
We don’t offer any commission for directing people our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My husband and I are FTB’s - had an offer accepted, yet the selling agent informed us that the vendor will only move forward if we use the agent's chosen solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Teignmouth
We suspect that the seller is not behind this demand. If they desire ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and make the point that (a)you are motivated buyers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to appoint your preferred Teignmouth conveyancing solicitors - not the ones that will give their negotiator at the agency a introducer fee or meet his conveyancing targets pre-set by senior management.
What makes a Teignmouth lease defective?
There is nothing unique about leasehold conveyancing in Teignmouth. Most leases are drafted differently and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
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Repairing obligations to or maintain elements of the premises A duty to insure the building
You may have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Skipton Building Society, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.
Leasehold Conveyancing in Teignmouth - Examples of Queries Prior to buying
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Please note if it is no more than 80 years it will impact the salability of the property. Check with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and it is worth finding out what this would cost. Remember, in most cases you will need to own the premises for a couple of years before you are legally able to extend the lease. On the whole the outlay for major works tend not to be built into the service charges, albeit that there some managing agents in Teignmouth require tenants to contribute towards a reserve fund and this is used to offset against major repairs or maintenance.