Do the conveyancing practitioners listed on your site perform right to buy conveyancing in Fowey?
We work with plenty of conveyancing specialists carrying out right to buy conveyancing Please e-mail the lawyers listed in order to obtain a costs illustration.
As someone unfamiliar with the Fowey conveyancing process what’s the number one tip you can give me concerning the ownership transfer in Fowey
You may not hear this from too many lawyers but conveyancing in Fowey and elsewhere in Cornwall is an adversarial experience. Put another way, when it comes to conveyancing there is plenty of room for friction between you and others involved in the legal transfer of property. For example, the seller, selling agent and even potentially a bank. Choosing a lawyer for your conveyancing in Fowey an important selection as your conveyancer is your adviser, and is the ONE party in the transaction whose interest is to look after your best interests and to protect you.
On occasion a third party with a vested interest may attempt to sway you that it is in your interests to do things their way. For example, the selling agent may claim to be assisting by claiming that your conveyancer is dragging his heels. Or your financial adviser may tell you to do take action that is against your conveyancers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Can you point me to a directory of Co-operative panel conveyancers in Fowey on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings available on the web. If you are seeking to appoint a Fowey solicitor on the Co-operative please use our tool.
I am currently in the process of buying my council flat in Fowey. I have a mortgage offer with Skipton. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in October 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Coventry BS are being problematic. The Fowey solicitor who is on the Coventry BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Coventry BS are insisting on a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Fowey I like with open areas and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Fowey in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I am employed by a busy estate agency in Fowey where we see a number of flat sales put at risk due to leases having less than 80 years remaining. I have been given contradictory information from local Fowey conveyancing solicitors. Could you clarify whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I inherited a leasehold flat in Fowey, conveyancing was carried out in 2012. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Fowey with a long lease are worth £196,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2083
With only 64 years left to run we estimate the premium for your lease extension to be between £15,200 and £17,600 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.