My bank has suggested solicitors on their panel based in Lyme Regis but I would rather use a conveyancing lawyer in Lyme Regis or nearer to where I live. Are you able to assist?

The minority of Lyme Regis conveyancing practitioners are listed all banks conveyancing panel. Please make use of the above search tool to locate a Lyme Regis conveyancing firm on the on the mortgage company panel.

Should commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Lyme Regis?

Many commercial conveyancing solicitors in Lyme Regis will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Lyme Regis. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Lyme Regis.

For every commercial conveyancing transaction in Lyme Regis it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Lyme Regis commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Lyme Regis.

How does conveyancing in Lyme Regis differ for new build properties?

Most buyers of new build premises in Lyme Regis contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Lyme Regis tend to 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 conveyancing solicitors 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 accustomed to new build conveyancing in Lyme Regis or who has acted in the same development.

I have been on the look out for a ground for flat up to £195,000 and identified one close by in Lyme Regis I like with open areas and railway links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Lyme Regis for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you need a home loan that many years may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.

There are only Seventy years left on my lease in Lyme Regis. I need to extend my lease but my freeholder is can not be found. What options are available to me?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to demonstrate that you have done all that could be expected to find the lessor. For most situations a specialist may be helpful to try and locate and to produce a report to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer both on devolving into the landlord’s absence and the application to the County Court overseeing Lyme Regis.

Lyme Regis Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing

How is the lease structured? This information is helpful as a) areas may cause problems for the building as the communal areas may begin to deteriorate if maintenance are not paid for b) if the tenants have a dispute with the running of the building you will want to have complete disclosure Plenty Lyme Regis leasehold apartments will be liable to pay a service charge for the upkeep of the building set on behalf of the freeholder. If you acquire the flat you will have to pay this charge, normally periodically during the year. This may differ from two or three hundred pounds to thousands of pounds for large purpose-built buildings. In all probability there will be a ground rent for you to pay annual, ordinarily this is not a significant figure, say approximately £50-£100 but you need to check as sometimes it can be prohibitively expensive.