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Recently asked questions about conveyancing in Buckfastleigh

I have given 8 weeks notice to my existing landlord and have to be out of my let out apartment in Buckfastleigh by the end of next month. Conveyancing for my house purchase is progressing. Can I complete in six weeks as I wish to avoid having to move into short term accommodation?

The normal practice is not to give notice for your tenancy until exchange of contracts has taken place. Assuming that you have not previously done so, notify to your conveyancer and ask them to they cajole the sellers lawyers, try to get a realistic time scale from them that all parties will work to achieve

Will my conveyancer be raising enquiries about flooding during the conveyancing in Buckfastleigh.

The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Buckfastleigh. Some people will acquire a house in Buckfastleigh, fully expectant that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Conveyancers are not best placed to give advice on flood risk, however there are a number of searches that may be initiated by the buyer or by their solicitors which should give them a better appreciation of the risks in Buckfastleigh. The standard completed inquiry forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the vendor to find out if the property has suffered from flooding. If the property has been flooded in past which is not revealed by the vendor, then a buyer may bring a claim for damages resulting from an incorrect reply. A purchaser’s lawyers may also carry out an enviro report. This will reveal if there is any known flood risk. If so, more detailed inquiries should be made.

About to purchase a new build flat in Buckfastleigh. 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 conveyancing.

Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Buckfastleigh

    Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

Am I right to be suspicious by third parties that I am dealing with are suggesting a nationwide conveyancing firm rather than a local Buckfastleigh conveyancing firm?

As is the case with lots of professional services, often recommendations from relatives can be most helpful. But there are numerous people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies might all put forward solicitors to retain. Sometimes these conveyancers might be known to one of the organisations as being good in their field, but occasionally there exists a financial incentive behind the recommendation. You have the discretion to appoint your own lawyer. Don't forget that many mortgage providers specify a panel list of law firms you are obliged to use for the mortgage related work in your house move.

How does one as executor remove a departed person's name from the title deeds for a house in Buckfastleigh?

If a Buckfastleigh property is co-owned and one of the owners dies, their name will not automatically be removed from the Land Registry title. It is not necessary to remove their name as in the event of a sale you would simply be asked to evidence why the co proprietor is not included in the transfer, such as the probate documents.

With the aim of making things more straight forward in the future you may apply to have the deceased party removed from the title by applying to HM Land Registry with proof of the death. There is no charge from the Registry for this service.

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Neighbouring Locations

Bovey Tracey
Buckfastleigh
Ivybridge
South Brent
Buckfastleigh and Dean
Totnes

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