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

We are acquiring our first home. The conveyancer has messagedto enquire if we would like to purchase supplemental conveyancing searches. Unfortunately we are clueless as to what's recommended for conveyancing in Axminster

The extent of Axminster conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your familiarity of the region and risks, your overall approach to risk. What is important is that you properly understand what information each search could provide. Then you can make a decision if you personally think you need that search. Where you are unclear, ask the lawyer to recommend.

Do I need to take out insurance to cover chancel repairs when buying a house in Axminster?

Unless a prior purchase of the house completed post 12 October 2013 you can assume that solicitors handling conveyancing in Axminster to remain recommending a chancel search and or insurance against a claim.

I am buying a new build apartment in Axminster. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Axminster

    Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

Due to the guidance of my in-laws I had a survey completed on a house in Axminster in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies may not give a mortgage on this type of home.

It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Axminster. Conveyancing may be slightly more expensive based on your lender's requirements.

Why is New Build conveyancing in Axminster more costly?

Purchasing a new build premises is significantly different from the normal house purchase conveyancing in Axminster. For a start sellers usually insist contracts to exchange very quickly, so there is a a great deal of pressure on your conveyancing practitioner to ensure everything is in order. Furthermore new build conveyancing often necessitate examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank obligations are also more demanding. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.

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