How does conveyancing in Plymouth differ for new build properties?
Most buyers of new build or newly converted property in Plymouth come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Plymouth typically acquire 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 Plymouth or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Plymouth is where the house is located. What do you suggest?
Flying freeholds in Plymouth are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Plymouth you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Plymouth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Should I instruct a Plymouth conveyancing solicitor based in the vicinity that I am hoping to buy? I have an old university friend who can deal with the legal work but his firm is located a couple of hundredmiles away.
The primary upside of using a high street Plymouth conveyancing practice is that you can attend the office to sign paperwork, present your ID and pester them where appropriate. Having local Plymouth know how is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were happy that must surpass using an unfamiliar Plymouth conveyancing lawyer solely due to them being based in the area.
I have recently realised that I have 62 years left on my lease in Plymouth. I now want to get lease extension but my freeholder is missing. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to prove that you have used your best endeavours to locate the landlord. In some cases an enquiry agent should be useful to conduct investigations and to produce a report which can be used as proof that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the application to the County Court covering Plymouth.
Leasehold Conveyancing in Plymouth - Examples of Questions you should consider Prior to buying
It is important to be aware whether a new roof is being installed or some other significant cost is due shortly that will be shared between the leaseholders and could well materially impact the level of the service charges or result in a one off payment. This question is useful as a) areas may cause problems for the block as the communal areas may begin to deteriorate if repairs remain unpaid b) if the tenants have a dispute with the running of the building you will want to have complete disclosure The prefered form of lease structure is a share of the freehold. In this scenario the tenants have being in charge if their destiny and even though a managing agent is frequently employed if the building is larger than a house conversion, the managing agent is directed by the tenants.
How much experience do your Plymouth conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Plymouth conveyancing lawyers help thousands of buyers move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Plymouth conveyancers have worked on recent similar cases.