IfI was to acquire a simple residential homein Callington mortgage fee and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Callington?

Any savings you would gain would be limited to the costs for searches. Your solicitor still be obliged to do everything else - money laundering, correspond with your sellers solicitor, stamp duty return, register the property etc. A marginal saving might be made by not having to register a mortgage however it will not be meaningful.

Various web forums that I have frequented warn that are a common cause of hinderance in Callington house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Callington.

I am buying a new build apartment in Callington. Conveyancing is a frightening process 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 legal work.

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

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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. 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. Please confirm the Lease plans are surveyor prepared.

I opted to have a survey done on a house in Callington ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some banks will not grant a mortgage on a flying freehold property.

It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Callington. Conveyancing may be slightly more expensive based on your lender's requirements.

Can you offer any advice when it comes to choosing a Callington conveyancing firm to deal with our lease extension?

If you are instructing a property lawyer for your lease extension (regardless if they are a Callington conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with several firms including non Callington conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:

Can they put you in touch with clients in Callington who can give a testimonial? What volume of lease extensions have they carried out in Callington in the last twenty four months?

Leasehold Conveyancing in Callington - Examples of Questions you should consider before Purchasing

The answer will be helpful as a) areas could cause problems for the building as the communal areas may start to deteriorate where services are not paid for b) if the leaseholders have an issue with the running of the building you will need to have complete disclosure How long is the Lease? Its a good idea to find out as much as possible about the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are frequently at the mercy of the managing agents from a financial perspective and when it comes to every day matters like the upkeep of the communal areas. Ask prospective neighbours what they think of them. On a final note, be sure you discover the dates that you are obliged pay the service charge to the relevant party and specifically what it includes.