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Find a Lynmouth Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Lynmouth? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Lynmouth home move at risk of delay or failure.

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Recently asked questions about conveyancing in Lynmouth

I have justfound out that Stirling Law have been shut down. They conducted my conveyancing in Lynmouth for a purchase of a freehold house 18 months ago. How can I establish that my home is in my name in the name of the previous owner?

The easiest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Lynmouth conveyancing specialists.

How does conveyancing in Lynmouth differ for new build properties?

Most buyers of new build property in Lynmouth approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Lynmouth typically purchase the site, 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 Lynmouth or who has acted in the same development.

Given that I am about to part with £400,000 on a two bedroom apartment in Lynmouth I would like to talk to a lawyer regarding thehouse move before appointing the firm. Is this something that you can arrange?

Absolutely - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer who will be carrying out your property ownership legalities in Lynmouth.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The solicitors that we put you in touch with believe that the fees you are quoted for residential conveyancing in Lynmouth should be the amount on the final invoice that you are charged.

Last December I purchased a leasehold property in Lynmouth. Do I have any liability for service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Lynmouth Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing

    Who takes charge for maintaining and repairing the block? Is there a share of the freehold? What prohibitions exist in the Lynmouth Lease?

I today plan to offer on a house that appears to meet my requirements, at a great figure which is making it more attractive. I have just discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Lynmouth. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Lynmouth ?

The majority of houses in Lynmouth are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Lynmouth so you should seriously consider looking for a Lynmouth conveyancing practitioner and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’sconsent to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your lawyer will appraise you on the various issues.

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Lynton

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