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Find a Axminster Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Axminster? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Axminster home move at risk of delay or failure.

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Recently asked questions about conveyancing in Axminster

I have todaybecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Axminster for a purchase of a freehold house 18 months ago. How can I check that my home is not still registered in the name of the former proprietor?

The quickest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Axminster conveyancing specialists.

I'm purchasing a new build house in Axminster with a mortgage from Barclays . The sellers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not to tell my solicitor about this extras as it would affect my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.

Due to the encouragement of my in-laws I had a survey completed on a house in Axminster prior to instructing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor has said that some banks tend refuse to give a mortgage on this type of premises.

It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Axminster. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Axminster to see if the conveyancing costs will increase in light of this.

My husband and I may need to rent out our Axminster 1st floor flat temporarily due to a career opportunity. We used a Axminster conveyancing firm in 2002 but they have since shut and we did not have the foresight to get any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?

Your lease dictates relations between the landlord and you the flat owner; in particular, it will indicate if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Axminster do not prevent an absolute prevention of subletting – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.

I acquired a garden flat in Axminster, conveyancing having been completed 8 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Axminster with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease finishes on 21st October 2102

With only 80 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 plus costs.

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 due diligence. Do not use this information in tribunal or court proceedings. 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. You should not move forward based on this information without first getting professional advice.

I am an executor of my recently deceased mother’s Will, with a property in Axminster which is to be sold. The bungalow has never been registered at the Land Registry and I'm told that some estate agents will insist that it is in place before they'll proceed. What's the procedure for this?

In the situation you refer to it seems advisable to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.

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Find out more about how flying freehold can affect your the value of a property.