At what point can the exchange of contracts occur in residential conveyancing in Braunton and am I required to be at the solicitors branch?
If you are local to our conveyancing solicitors in Braunton you are invited in to sign the paperwork. However, the lender approved solicitors we recommend offer a countrywide conveyancing service and provide as equally detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not the point of no return. A signed contract is just a prerequisite for the firm to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Braunton)to be in the office at the appropriate time.
I have 70 years left on my lease and need a lease extension for my flat in Braunton. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/9/2020 the requirements read as follows :
I used Stirling Law several years ago for my conveyancing in Braunton. I now require my papers but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Braunton of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the guidance of my in-laws I had a survey completed on a house in Braunton prior to appointing solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend refuse to give a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Braunton. Conveyancing will be smoother if you use a solicitor in Braunton especially if they regularly deal with such properties in Braunton.
Helen (my wife) and I may need to sub-let our Braunton 1st floor flat for a while due to taking a sabbatical. We instructed a Braunton 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 permits subletting. How do we find out?
Notwithstanding that your previous Braunton conveyancing solicitor is no longer around you can check your lease to check if it allows you to sublet the premises. The rule is that if the deeds are non-specific, subletting is allowed. There may be a precondition that you need to obtain permission via your landlord or some other party in advance of subletting. This means that you cannot sublet in the absence of first obtaining permission. The consent is not allowed to be unreasonably withheld. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
I invested in buying a 1st floor flat in Braunton, conveyancing was carried out December 2009. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Braunton with over 90 years remaining are worth £165,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2098
With only 78 years left to run the likely cost is going to span between £7,600 and £8,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.