We are planning to buy with Coventry BS. I popped in 3 or 4 local practices but am unable to find a Torquay conveyancing firm on the Coventry BS approved list. Could you assist?
You should take advantage of the search tool on this page. Pick the building society and type Torquay or your preferred area and you will be presented with a number of lawyer offices in Torquay or nearest you.
I'm purchasing a new build house in Torquay with the aid of help to buy. The builders would not reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not reveal to my solicitor about this deal as it will jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Torquay I like with open areas and railway links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Torquay suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
In searching the web for the term conveyancing in Torquay it reveals many conveyancersin the vicinity. With so much choice what is the best way to find the right solicitor for the sale of my house?
The best method of choosing a suitable conveyancer is via personal testimonial, so enquire of colleagues and family who have bought a property in Torquay or the reputable estate agent or mortgage broker. Charges for conveyancing in Torquay differ, so it's sensible to secure at least three estimates from varying types of solicitors. Be sure to secure confirmation that the costs are guaranteed not to to be inflated.
Estate agents have just been given the go-ahead to market my ground floor flat in Torquay. Conveyancing lawyers have not yet been instructed, but I have just received a half-yearly service charge demand – should I leave it to the buyer to sort out?
It best that you pay the maintenance contribution as you normally would because all rents and maintenance invoices will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a leasehold flat in Torquay, conveyancing was carried out 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Torquay with a long lease are worth £195,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2090
You have 64 years left to run the likely cost is going to span between £14,300 and £16,400 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
My mum and dad are experiencing problems in finding their Torquay property on the HMLR website. They recall that back in the 70’s when they acquired the bungalow there were complications regarding the address not being identified on some systems.
Almost all residences in Torquay should show up. Have you limited your search with just the postcode. Ordinarily it should disclose all the premises within that postcode. Assuming the property is registered it will be there with a title number. Where they bought back in the 60’s it's conceivable it may be unregistered. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title papers which may be with your parent’s mortgage company.