Our mortgage company has recommended solicitors on their panel based in Lostwithiel but I would rather choose a conveyancing lawyer in Lostwithiel local to me. Can you help?
Far from all Lostwithiel conveyancing firms are on all lender’s conveyancing panel. Do make the most of our search tool to choose a Lostwithiel conveyancing solicitor on the on the mortgage company panel.
I am downsizing from our property in Lostwithiel and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the buyers are using a factory type conveyancing practice rather than a conveyancing solicitor in Lostwithiel. We have lived in Lostwithiel for 5 years we know of no issue. Do we contact our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Lostwithiel is where the house is located. Can you offer any opinion?
Flying freeholds in Lostwithiel are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lostwithiel you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lostwithiel may ascertain 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 residence.
I am looking at a couple of maisonettes in Lostwithiel both have in the region of 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold apartment in Lostwithiel is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. The majority of buyers and mortgage companies, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Lostwithiel conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Lostwithiel Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
What is the the remaining lease term? What is the annual maintenance fee and ground rent? Who takes responsibility for maintaining and repairing the building?
What are the differing property related services that Lostwithiel conveyancing organisations typically advise on?
Generally most Lostwithiel conveyancing practices tend to offer various legal advice to home and land proprietors, vendors, first time buyers, freeholders and tenants helping outwith some of the following:
Standard residential sale conveyancing in Lostwithiel or wider afield
Domestic purchase conveyancing in Lostwithiel and countrywide
Planning permissions and restrictions Staircasing (purchasing additional shares in your home) Freeholds or leaseholds having unregistered titles New Build Conveyancing