The property market in Babbacombe is hotting up. What can I do to speed up matters?

In a situation where you are under a tight deadline for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will benefit local contacts and intelligence. It is possible that they could have conducted otherproperties in the same neighbourhood. Therefore consider using a Babbacombe conveyancing lawyer. In addition, ensure that the lawyer is on the on the approved list for your mortgage company. It is believed that nearly one in five of Babbacombe conveyancing transactions are suspended or derailed after discovering a buyer’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being delayed by an average of 21 days. It is understood that this issue affects in the region of one hundred thousand home sales every year. Many Babbacombe conveyancing firms can not act for certain mortgage companies so do check as early as possible.

I am assisting my niece sell her flat in Babbacombe. Does the conveyancing solicitor commission an energy performance certificate or should I organise this?

After the abolition of Home Packs, energy performance certificates was left as a required part of selling a property. An energy assessment needs to be commissioned prior to the property being placed on the market. It is not something that law firms ordinarily organise. Where you are using a Babbacombe conveyancing practitioner they may be willing to arrange energy performance certificates due to their contacts with reputable Babbacombe accredited person

A colleague informed me that in purchasing a property in Babbacombe there could be a number of restrictions prohibiting external changes to the property. Is this right?

We are aware of a number of properties in Babbacombe which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Babbacombe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Can I be sure that the Babbacombe conveyancing solicitor on the Principality panel is any good?

When it comes to conveyancing in Babbacombe getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer handling your transaction.

I'm purchasing my first flat in Babbacombe benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about the deal as it may affect my loan with Aldermore. Is this normal?.

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.

I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Babbacombe I like with open areas and transport links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Babbacombe for this price, so just wondered if I would be making a mistake buying a short lease?

If you need a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

Would local authority consent be necessary to split a house into multiple appartments in Babbacombe? This has taken place to a property next door to a relative in Babbacombe and was ignorant of it happening until the works were done.

Planning consent is needed for splitting a single dwelling in Babbacombe into apartments but possibly not for reverting once again to single dwelling-house so, simply put, yes,a it is required.