We were just about to sign contracts for a leasehold flat in Paignton. We encountered a stumbling block. The loan offer with runs out on but the sellers are putting forward a completion date of . Is it possible to prolong the loan offer?

The best person to address this question is your solicitors who will hopefully calculate whether he or she is should be discussing with the mortgage company, owner’s lawyers, estate agents or indeed all three taking into account the circumstances your house move as of today.

There are plenty of conveyancing solicitors in Paignton but how do I know who I should use?

It would be unwise to be tempted by the lowest Paignton conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

When it comes to lenders such as , do Paignton face a yearly amount to be on the conveyancing panel?

We are unaware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.

We are getting the release of further monies on our home loan from as we intend to conduct a loft conversion to our home in Paignton. Do we need to appoint a local Paignton solicitor on the conveyancing panel to handle the legals?

do not ordinarily instruct firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the conveyancing panel.

Should my lawyer be raising questions about flooding as part of the conveyancing in Paignton.

Flooding is a growing risk for lawyers dealing with homes in Paignton. There are those who buy a house in Paignton, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Conveyancers are not best placed to impart advice on flood risk, but there are a various searches that can be undertaken by the buyer or on a buyer’s behalf which can figure out the risks in Paignton. The conventional set of completed inquiry forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual question of the owner to determine whether the premises has historically flooded. If the property has been flooded in past which is not revealed by the seller, then a buyer could commence a compensation claim as a result of such an incorrect response. A purchaser’s lawyers should also carry out an enviro report. This will reveal if there is a recorded flood risk. If so, further investigations will need to be made.

Are there any apps to assist me to search for a Paignton law firm on the conveyancing panel? I have a car and am willing to travel upto 10miles to meet the solicitor.

You can use the search on this page. Please choose the lender and your location and you will see a number of Paignton conveyancing lawyers locally. We have detailed some Paignton conveyancing firms at the bottom of this page and you can contact them to verify if they are on the member panel

Back In 2002, I bought a leasehold house in Paignton. Conveyancing and mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Paignton who acted for me is not around. Any advice?

First make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Paignton conveyancing solicitor to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I bought a split level flat in Paignton, conveyancing having been completed 3 years ago. How much will my lease extension cost? Equivalent flats in Paignton with a long lease are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 50

With just 50 years unexpired the likely cost is going to be between £36,100 and £41,800 plus professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.