I have a terraced Victorian property in Lynmouth. Conveyancing practitioner acted for me and The Mortgage Works. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?

You should review 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 Lynmouth and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who carried out the work.

How does conveyancing in Lynmouth differ for new build properties?

Most buyers of new build residence in Lynmouth contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Lynmouth typically buy 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 used to new build conveyancing in Lynmouth or who has acted in the same development.

I am looking for a flat up to £305k and found one near me in Lynmouth I like with a park and transport links in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Lynmouth for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.

I am using a search engine for the words cheap conveyancing in Lynmouth it shows results of numerous solicitorslocally. With so much choice what is the best way to find the right conveyancing solicitor for purchase transaction?

The best method of seeking a suitable conveyancer is through a trusted referral, so ask friends and those you trust who have acquired a property in Lynmouth or a reputable estate agent or financial adviser. Charges for conveyancing in Lynmouth differ, so it's advisable to obtain at least four estimates from varying types of solicitors. Be sure to secure confirmation that the charges are guaranteed not to increase.

I am buying a leasehold property in Lynmouth. Conveyancing estimates are coming in at around £two thousand. Does that seem right?

The average cost in 2014 for conveyancing in Lynmouth was just over one thousand four hundred and fifty pounds excluding SDLT and HMLR charges.