My partner and I are selling our property in Dawlish and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local lawyer would know this is not the case. It does beg the question why the buyers used a web based conveyancing practice rather than a conveyancing solicitor in Dawlish. We have lived in Dawlish for 4 years we know of no issue. Should we get in touch with our local Authority to seek clarification need.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have todaydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Dawlish for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dawlish conveyancing specialists.
I am buying a new build house in Dawlish with a mortgage from Bank of Ireland. The builders would not move on the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not disclose to my conveyancer about the extras as it would affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I am tempted by the attractive purchase price for a couple of flats in Dawlish which have approximately fifty years left on the leases. Do I need to be concerned?
There are plenty of short leases in Dawlish. The lease is a right to use the premises for a period of time. As a lease gets shorter the saleability of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
Dawlish Leasehold Conveyancing - Sample of Queries before Purchasing
Please note if it is fewer than eighty years it will have adverse implications on the salability of the flat. Check with your mortgage company that they are content with residual term of the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of what this will be. For most Dawlishlease extensions you will be required to have owned the property for a couple of years before you are entitled to exercise a lease extension. What is the yearly service fee and ground rent? Make sure you discover if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being allowed in in a block in Dawlish. If you like the flatin Dawlish but your cat can’t make the move with you then you will be presented with a hard choice.
Why can't I complete our conveyancing in Dawlish on May bank holiday?
This is due to the fact that on completion the funds will pass between the banks of the purchaser and seller's conveyancer and at present this can only take place on a business day. It is not possible to complete on a saturday or sunday either.