lenderpanel

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 conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Bude conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Bude

We have rather pushy vendors who has suggested a exclusivity contract with a payment of 5k. Are such agreements sensible?

Lock out agreements are contracts between a property seller and prospective buyer granting the buyer a ‘clear field’ to the sale of the premises within an agreed time frame. For all intents and purposes, an exclusivity agreement is a contract stating that you should receive a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer protection though in many situations, the seller may stand to benefit from such agreements as well. There are numerous pros and cons to having an agreement but you should to check with your solicitor but beware that it may end up incurring extra in conveyancing fees. For these reasons these agreements are avoided in relation to conveyancing in Bude.

I used Action Conveyancing several years past for my conveyancing in Bude. I now require my papers but the law firm is no longer operating. What do I do?

Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Bude 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.

I am buying a new build flat in Bude. 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 legal work.

Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Bude

    There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.

I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Bude is the location of the property. What do you suggest?

Flying freeholds in Bude are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bude you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bude may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

My wife and I purchased a leasehold flat in Bude. Conveyancing and Barnsley Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Bude who acted for me is not around. Any advice?

First contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a Bude conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I own a garden flat in Bude, conveyancing was carried out 7 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? Comparable properties in Bude with an extended lease are worth £255,000. The ground rent is £45 invoiced every year. The lease finishes on 21st October 2097

With just 73 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 plus costs.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.

Last updated

Neighbouring Locations

Bude
Boscastle

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