My fiance and I are buying a 3 bedroom apartment in Dawlish with a residential mortgage from Barclays .We use our Dawlish conveyancing practitioner but Barclays says her practice is not on their approved list of member firms. It seems we are left with no choice but to instruct a Barclays panel lawyer or retain our preferred solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Barclays use our lawyer?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, one of which will be that lawyers must be on the Barclays solicitor panel. in the past, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Barclays
I need some expedited conveyancing in Dawlish as I am faced with a deadline to sign on the dotted line inside 2 weeks. Luckily I do not need a mortgage. Can I escape the need for conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at free not to have searches conducted although no law firm would advise that you don't. With plenty of history conveyancing in Dawlish the following are instances of what can crop up and therefore affect the marketability of the property: Enforcement Notices, Outstanding Fees, Outstanding Grants, Road Schemes,...
I am buying a new build flat in Dawlish. Conveyancing is daunting 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.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Dawlish
Please supply evidence that the form of Lease proposed has been approved by the Land Registry. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants.
I opted to have a survey completed on a property in Dawlish before instructing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks will refuse to give a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Dawlish. Conveyancing will be smoother if you use a solicitor in Dawlish especially if they regularly deal with such properties in Dawlish.
Last October I purchased a leasehold flat in Dawlish. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a 2 bed flat in Dawlish, conveyancing was carried out in 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Dawlish with a long lease are worth £185,000. The ground rent is £65 invoiced annually. The lease expires on 21st October 2079
With only 60 years remaining on your lease we estimate the price of your lease extension to range between £20,000 and £23,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.