Various internet forums that I have come across warn that are the primary reason for delay in Plympton conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Plympton.

How does conveyancing in Plympton differ for newly converted properties?

Most buyers of new build property in Plympton approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Plympton 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 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 Plympton or who has acted in the same development.

Hoping to buy a property located in Plympton and I am already nervous. I couldn't find anything specific about Plympton. Conveyancing will be needed in due course but do you know about the Plympton area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Plympton. In the meantime here are some basic statistics that we found

My husband and I are four weeks into a leasehold purchase having been recommend to a firm by the selling agent to perform conveyancing in Plympton. We are not happy. Can you you assist me in finding new solicitors?

A solicitor would need to be really poor to suggest changing them. Has your loan offer been sent? In the event that it has you will need to advise them of the replacement conveyancer and have the loan are issued to the new lawyers. Your new conveyancer needs to be on the lenders panel to avoid added fees and complications. So that should be your first question of the new solicitors. The search tool can assist you in finding a lender approved lawyer for your home move in Plympton

I've recently bought a leasehold house in Plympton. Do I have any liability for service charges for periods before completion of my purchase?

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 be sure 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).

I own a 1 bedroom flat in Plympton, conveyancing formalities finalised in 2005. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Plympton with a long lease are worth £207,000. The ground rent is £60 invoiced every year. The lease terminates on 21st October 2081

With 57 years left to run we estimate the premium for your lease extension to range between £28,500 and £33,000 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.