At what point can the exchange of contracts happen for sale conveyancing in Woolacombe and am I required to be at the lawyers branch?
If you are near to one of the conveyancing solicitors in Woolacombe you are welcome to attend to sign documents. However, the lender approved solicitors we recommend provide a countrywide conveyancing service and give as equally diligent and professional a job for you when dealing with you electronically. The executing of the purchase agreement is not the important part. Signing on the dotted line is necessary for the conveyancer to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Woolacombe)to be in the office at the appropriate time.
My uncle passed away last year and as sole heir and executor I was left the house in Woolacombe. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this possible?
Given you intend to refinance then Co-operative will require that you use a conveyancer on the Co-operative conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Co-operative conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Co-operative mortgage is registered as a charge at the Land Registry.
Are there restrictive covenants that are commonly identified as part of conveyancing in Woolacombe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Woolacombe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a property in Woolacombe in advance of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some banks will not grant a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Woolacombe. Conveyancing will be smoother if you use a solicitor in Woolacombe especially if they are familiar with such properties in Woolacombe.
Am I better off to instruct a Woolacombe conveyancing solicitor based in the location that I am buying? I have an old university friend who can handle the legal work but her office is a couple of hundredkilometers drive away.
The benefit of a local Woolacombe conveyancing firm is that you can attend the office to execute paperwork, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and on the whole were happy that should surpass using an unfamiliar Woolacombe conveyancing lawyer solely due to them being local.
Can you offer any advice when it comes to appointing a Woolacombe conveyancing firm to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Woolacombe conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Woolacombe conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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Can they put you in touch with clients in Woolacombe who can give a testimonial?
I own a 1st floor flat in Woolacombe, conveyancing was carried out January 2007. Can you work out an approximate cost of a lease extension? Similar properties in Woolacombe with over 90 years remaining are worth £197,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2080
With only 55 years left to run the likely cost is going to range between £31,400 and £36,200 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.