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Recently asked questions about conveyancing in Bovey Tracey

When researching consumer advice sites for an online lawyer in Bovey Tracey, many comment that I should look for a CQS kitemarked lawyer. What is CQS?

Bovey Tracey Conveyancing Quality Scheme law firms have obtained certification by the law Society CQS was created to establish evidence of quality standards in the in the legal transfer of properties. CQS helps buyers and sellers to recognise solicitor firms that provide a quality residential conveyancing. Bovey Tracey is one of locations in England and Wales in which accredited firms are based. The conveyancing scheme obliges solicitors to undergo a strict assessment, compulsory training, self-certification, spot checks and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Legal Ombudsman.

Just had an offer accepted on a new build flat in Bovey Tracey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Bovey Tracey

    There must be mutual enforceability of lessee’s covenants. 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. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Due to the input of my in-laws I had a survey completed on a house in Bovey Tracey ahead of instructing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend refuse to give a mortgage on this type of house.

It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can look into this 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 Bovey Tracey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bovey Tracey to see if the conveyancing will be more expensive.

I have recently realised that I have Fifty years remaining on my flat in Bovey Tracey. I now want to get lease extension but my freeholder is absent. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to demonstrate that you have used your best endeavours to locate the lessor. In some cases a specialist would be helpful to try and locate and prepare an expert document which can be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s absence and the application to the County Court overseeing Bovey Tracey.

Leasehold Conveyancing in Bovey Tracey - Sample of Queries Prior to Purchasing

    How is the lease structured? How many of the leaseholders are in arrears for their maintenance charge payments? You should be aware if it is no more than 80 years it will have adverse implications on the salability of the apartment. It is worth checking with your lender that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this would cost. For most Bovey Traceylease extensions you will be be obliged to have been the owner of the premises for a couple of years in order to be legally able to extend the lease.

Are you able to confirm the spectrum of conveyancing dealt with by Bovey Tracey conveyancing practices?

Generally most Bovey Tracey conveyancing solicitors tend to offer various services to residential and agricultural land proprietors, sellers, investors, freeholders and tenants such as:

    Property sale conveyancing in Bovey Tracey and across the country Property purchase conveyancing in Bovey Tracey and also around the country Residential Remortgages Bovey Tracey conveyancing for Conveyancing for repossessed property Disposal and purchase of shared ownership properties throughout England and Wales not isolated to Bovey Tracey Shared or joint ownership Agreements

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