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Recently asked questions about conveyancing in Gunnislake

As someone not used to conveyancing in Gunnislake what is your top tip you can give me concerning the legal transfer of property in Gunnislake

You may not hear this from too many lawyers but conveyancing in Gunnislake or throughout Cornwall is an adversarial experience. Put another way, when it comes to conveyancing there is plenty of room for confrontation between you and others involved in the transaction. E.g., the vendor, estate agent and sometimes your lender. Appointing a lawyer for your conveyancing in Gunnislake is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose role it is to look after your legal interests and to protect you.

On occasion a potential adversary may attempt to convince you that you should follow their advice. For example, the estate agent may claim to be helping by suggesting your lawyer is dragging his heels. Or your mortgage broker may advise you to do something that is contrary to your conveyancers guidance. You should always trust your lawyer above all other parties in the home moving process.

My wife and I own a semi-detached Georgian house in Gunnislake. Conveyancing practitioner acted for me and Coventry Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?

You should assess the Freehold register you have again and check the Charges Register as there may be 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 Gunnislake and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing solicitor who conducted the conveyancing.

How does conveyancing in Gunnislake differ for newly converted properties?

Most buyers of new build residence in Gunnislake come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Gunnislake usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Gunnislake or who has acted in the same development.

If all goes to plan we aim to complete the sale of our £400,000 garden flat in Gunnislake next week. The management company has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Gunnislake?

Gunnislake conveyancing on leasehold apartments nine out of ten times results in fees being invoiced by managing agents :

    Addressing conveyancing due diligence questions Where consent is required before sale in Gunnislake Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your lawyer will have no control over the level of the charges for this information but the average costs for the information for Gunnislake leasehold premises is £350. For Gunnislake conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide answers.

I bought a garden flat in Gunnislake, conveyancing having been completed August 1997. How much will my lease extension cost? Corresponding properties in Gunnislake with over 90 years remaining are worth £176,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2069

With 50 years remaining on your lease we estimate the premium for your lease extension to span between £31,400 and £36,200 as well as legals.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account 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.

My partner and I have an offer in principle from Norwich and Peterborough Building Society who said we could borrow up to £350k. When do we need to appoint a solicitor for conveyancing? Gunnislake is where we are .

You can appoint a conveyancer now so that the solicitor can open the ledger so they can conduct their ID checks etc. If and when you wish them to commence work they will seek a deposit usually about £200. That would normally be after you have the mortgage offer and valuation back, nevertheless should you want to speed the process you can get going quicker albeit risking some money.

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Find out more about how flying freehold can affect your the value of a property.