The Exmouth conveyancing solicitors that I appointed last week on my purchase in Exmouth have without warning closed. I chose them because I had to have a lawyer on the Aldermore conveyancing panel and my preferred Exmouth lawyer was not. I sent them a cheque for two hundred pounds in advance. What do I do now?
If you have an estate agent involved then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
Despite weeks of looking the Title Certificate and documents to my property are lost. The lawyers who handled the conveyancing in Exmouth 10 years ago no longer exist. What are my options?
As long as the title is registered the details of your ownership will be documented by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, locate your property and get up to date copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will also normally hold a certified duplicate of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I opted to have a survey carried out on a house in Exmouth prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some lenders will refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Exmouth. Conveyancing will be smoother if you use a solicitor in Exmouth especially if they are familiar with such properties in Exmouth.
Hoping to buy a property located in Exmouth and I am already nervous. I couldn't find anything specific about Exmouth. Conveyancing will be needed in due course but do you know about the Exmouth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Exmouth. In the meantime here are some basic statistics that we found
Having checked my lease I have discovered that there are only 68 years left on my flat in Exmouth. I now want to get lease extension but my freeholder is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. For most situations an enquiry agent would be useful to conduct investigations and to produce a report which can be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer both on proving the landlord’s disappearance and the vesting order request to the County Court covering Exmouth.
I acquired a 1 bedroom flat in Exmouth, conveyancing was carried out 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Exmouth with an extended lease are worth £181,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2073
With 51 years remaining on your lease we estimate the premium for your lease extension to be between £30,400 and £35,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.