I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Looe is where the house is located. Can you shed any light on this issue?
Flying freeholds in Looe are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Looe you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Looe may determine 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.
Given that I will soon spend £400,000 on a garden flat in Looe I would like to talk to a lawyer about myhome move ahead of appointing the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer due to be carrying out your conveyancing in Looe.There is no ‘factory style conveyancing’ - each client is unique person, not a file number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Looe should be the amount on the final invoice that you end up paying.
I am thinking of appointing a conveyancing lawyer in Looe for my home move. Is it possible to review a solicitor's record with the legal regulator?
You may review published Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training purposes.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have since been informed that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Looe. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Looe ?
Most houses in Looe are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Looe in which case you should be looking for a Looe conveyancing practitioner and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the landlord’spermission to carry out alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should report to you on the legal implications.
I bought a ground floor flat in Looe, conveyancing formalities finalised in 2011. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Looe with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ceases on 21st October 2084
You have 65 years left to run the likely cost is going to range between £13,300 and £15,400 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. 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. You should not move forward based on this information without first seeking the advice of a professional.
Please can you refer me to a property lawyer for conveyancing in Looe (or a few miles around that area)? This is for lease extension.We did have one chosen but just discovered that are not on the panel for UBS.
The purpose of this site is limited to being a directory service for conveyancers who want to be listed as being on the approved conveyancing panel for UBS in certain areas for example Looe . Our intention is not to recommend any specific lawyer.