My aunt pointed out to me me that in buying a property in Lynmouth there could be various restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are a number of properties in Lynmouth which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Lynmouth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am the only recipient of my late mum's estate with all property in now in my sole name, including the house in Lynmouth. Conveyancing formalities meant that the Land Registry date was in January. I want to move. I understand that there is a CML six month 'rule', which means that my property ownership could be treated the same way as if I'd bought the house in January. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Some mortgage companies would take a sensible view as this clause chiefly exists to pick up on subsales or the quick reselling of properties.
Intending to buy a apartment in Lynmouth. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Lynmouth conveyancer is on the Co-operative conveyancing panel.
I am intent on selling our home in Lynmouth and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A local lawyer would know this is not the case. For the life of me I don't know why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Lynmouth. We have lived in Lynmouth for three years we know of no issue. Should we get in touch with our local Authority to seek clarification need.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You need to enquire of 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)
I have recentlydiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Lynmouth for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The quickest way to check if the premises is registered to you, you can carry out 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 newly converted properties?
Most buyers of new build or newly converted property in Lynmouth come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Lynmouth usually buy 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 conveyancers 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 due to assess estimates for conveyancing in Lynmouth from three conveyancer and decide on one. Do I ask them to sit tight until I I have my bid accepted on a house.
You should wait to request your property lawyer to start work and apply for searches once the offer has been agreed to on the property particularly as Lynmouth conveyancing searches are not inexpensive.