Various web forums that I have visited warn that are the number one reason for delay in Bovey Tracey conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Bovey Tracey.
Have completed on a a semi-detached house in Bovey Tracey , What is the estimated time for the Land Registry to record the transfer to my name? My Bovey Tracey conveyancing solicitor works at snail pace, so I want to check the land registry aspects are addressed.
As far as conveyancing in Bovey Tracey registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust according to who lodges the application, whether there are errors and if the Land registry have to notify any other parties. At present approximately three quarters of such applications are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration occurs after the buyer is living at the property so 'speed' is not always an essential issue but if it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.
Due to the guidance of my in-laws I had a survey completed on a property in Bovey Tracey before instructing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend not give a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bovey Tracey. Conveyancing may be slightly more expensive based on your lender's requirements.
Taking into account that I am about to spend £400,000 on a garden flat in Bovey Tracey I wish to have a conversation with the solicitor regarding thehouse move prior to instructing the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you speaking to the lawyer due to be doing your property ownership legalities in Bovey Tracey.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter number. The law firms that we put you in touch with believe that the figure you are quoted for your conveyancing in Bovey Tracey should be the figure that you are charged.
I have recently realised that I have 72 years remaining on my flat in Bovey Tracey. I am keen to get lease extension but my landlord is can not be found. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to prove that you or your lawyers have done all that could be expected to locate the landlord. In some cases a specialist would be helpful to conduct investigations and prepare an expert document to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Bovey Tracey.
I bought a leasehold flat in Bovey Tracey, conveyancing having been completed 10 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Bovey Tracey with over 90 years remaining are worth £176,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2100
With only 80 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.