Would the conveyancing lawyers listed on your site execute conveyancing in Looe by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct attended exchanges. Please call us to get a costs illustration and details as to dates.
What does a local search reveal regarding the property we're purchasing in Looe?
Looe conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search plays a central part in most Looe conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Looe is the location of the property. Can you shed any light on this issue?
Flying freeholds in Looe are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Looe you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Looe may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am a negotiator for a reputable estate agency in Looe where we see a number of leasehold sales put at risk due to short leases. I have received conflicting advice from local Looe conveyancing firms. Please can you confirm whether the seller of a flat can instigate the lease extension process for the buyer?
Provided that the seller has owned the lease 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 buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
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 purchaser.
I bought a garden flat in Looe, conveyancing having been completed April 2000. How much will my lease extension cost? Corresponding flats in Looe with a long lease are worth £222,000. The ground rent is £50 per annum. The lease ceases on 21st October 2088
With just 70 years left to run the likely cost is going to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
We have had DIP from The Mortgage Works who have advised we could borrow up to £218k. When do I need to appoint a lawyer for conveyancing? Looe is where we plan to move to.
It would be wise to instruct a property lawyer now requesting that they create a file on your behalf. This will enable: 1) the selling agent to send out the Sales Memo to the relevant parties 2) the seller’s conveyancing practitioner to send out the draft paperwork. However, do not ask your property lawyer to start searches until you have your valuation report from The Mortgage Works and you are willing to proceed.