I require quick conveyancing in Devon as I am under pressure to sign on the dotted line inside 3 weeks. Thankfully I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not taking a mortgage you are at liberty not to do searches although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Devon the following are examples of issues that can appear and therefore impact the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
Me and my brother purchased a terraced Victorian house in Devon. Conveyancing lawyer represented me and Santander. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Devon and other locations in 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 the conveyancing lawyer who conducted the conveyancing.
I am looking to sell my house. My former lawyers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Devon if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Devon. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Are there frequently found problems that you see in leases for Devon properties?
Leasehold conveyancing in Devon is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
Maintenance charge proportions which don’t add up to the correct percentage A provision for the recovery of money spent for the benefit of another party.
A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Bank of Scotland, and Clydesdale all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the buyer to withdraw.
I acquired a basement flat in Devon, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Devon with over 90 years remaining are worth £176,000. The ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2100
With just 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 suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information 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. You should not take any other action based on this information without first getting professional advice.
My mum and dad are unable to locate their Devon land registry title on the site. They have a vague memory 48 years ago when they acquired the bungalow there were complications regarding Devon not being identified on some systems.
The vast majority of residences in Devon should be revealed. Have you attempted a search to just the postcode. Ordinarily it will mention all the residences inside the postcode. Where recorded it will show up with a title number. If they bought back in the 70’s it's conceivable it may be unregistered. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to find the original title documentation which could be with your parent’s mortgage company.