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Find a Bude Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Bude? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Bude transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Bude

I have a renovated Georgian house in Bude. Conveyancing solicitor represented me and Santander. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?

You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bude and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.

I am purchasing my first flat in Bude with a loan from Virgin Money. The sellers would not budge the price so I negotiated £7000 of extras instead. The sale representative told me not to tell my lawyer about this deal as it may put at risk my loan with Virgin Money. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Given that I am about to spend hundreds of thousands of pounds on a property in Bude I would like to talk to a solicitor concerning thetransaction before appointing the firm. Is this something that you can arrange?

Absolutely - we would be delighted to talk to you we do not take any clients on without you speaking to the lawyer who will be conducting your conveyancing in Bude.There is no ‘factory style conveyancing’ - each client is unique person, not a case reference. The solicitors that we put you in touch with believe that the figure you are provided with for your conveyancing in Bude should be the amount on the final invoice that you end up paying.

My husband and I are new on the property ladder - agreed a price, yet the estate agent informed us that the seller will only move forward if we appoint the agent's chosen solicitors as they want a ‘quick sale’. Our preferred option is to instruct a family conveyancer who is familiar with conveyancing in Bude

It is unlikely the owners are driving this. If they want ‘a quick sale', taking such a hostile approach to a motivated buyer is going to damage their objectives. Try to communicate with the vendors directly and make sure they comprehend that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Bude conveyancing lawyers - not the ones that will earn the negotiator at the agency a kickback or hit his conveyancing figures pre-set by corporate headquarters.

Planning to sign contracts shortly on a leasehold property in Bude. Conveyancing lawyers inform me that they will have a report out to me within the next couple of days. What should I be looking out for?

Your report on title for your leasehold conveyancing in Bude should include some of the following:

    Who has the liability for repairing the window frames What the implications are if you have breached the provisions of the lease? The unexpired lease term. You should receive guidance as what happens when the lease expires, and informed of the importance of the 80 year mark Details of the parties to the lease, for instance these could be the (you), head lessor, freeholder What options are open to you if another leaseholder in the building breaches a clause of their lease?
For a comprehensive list of information to be included in your report on your leasehold property in Bude please enquire of your conveyancer in advance of your conveyancing in Bude.

I invested in buying a basement flat in Bude, conveyancing formalities finalised September 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Bude with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease expires on 21st October 2101

With 80 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 plus professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.

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