A relative advised me that in purchasing a property in Newton Abbot there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are a number of properties in Newton Abbot which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Newton Abbot should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I are in the throws of viewing apartments in Newton Abbot and I am now considering a potential offer. Should I already have a solicitor appointed at this stage? I will be getting a home loan with Santander.
It would be wise to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are obtaining a mortgage with Santander, ask your prospective lawyers if they are on the Santander conveyancing panel otherwise they can't do the mortgage legal work.
Principality have agreed my home loan in principle, my bid on a flat in Newton Abbot has been agreed to, what happens next?
Your estate agent will wish to know who your solicitors are (be sure the conveyancers are on the bank’s panel). Telephone Principality or your financial adviser and complete any relevant paperwork. Principality will sellect a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Principality will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Newton Abbot.
I have justbecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Newton Abbot for a purchase of a leasehold flat 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest method to check if the premises is in your name, 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 Newton Abbot conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a property in Newton Abbot ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may not give a mortgage on this type of home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Newton Abbot. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Newton Abbot to see if the conveyancing costs will increase in light of this.
Am I right to be suspicious about estate agents that I am dealing with are encouraging me to use a nationwide conveyancing firm rather than a High Street Newton Abbot conveyancing practice?
As is the case with many professional services, often input from connections can be most helpful. Yet there are lots of players in a conveyancing deal; estate agents, mortgage brokers and mortgage companies might all suggest lawyers to instruct. On occasion these solicitors might be known to one of the organisations as experts in their field, but sometimes there may be a commercial relationship behind the recommendation. You have the discretion to appoint your own lawyer. You need to be aware that many mortgage providers specify a panel list of solicitors you are obliged to use for the mortgage aspect of your house move.
I have just appointed agents to market my basement apartment in Newton Abbot. Conveyancing has not commenced, but I have recently had a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you discharge the maintenance contribution as normal as all rents and service charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Newton Abbot Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
Are there any major works on the horizon that will likely add a premium to the maintenance fees? Many Newton Abbot leasehold apartments will have a service charge for the upkeep of the block set on behalf of the freeholder. Should you acquire the apartment you will have to pay this contribution, usually quarterly throughout the year. This could differ from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all probability there will be a rentcharge to be met annual, ordinarily this is not a large amount, say around £50-£100 but you should to enquire as occasionally it could be surprisingly expensive.