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Recently asked questions about conveyancing in St Austell

Is there a reason why leasehold purchase conveyancing in St Austell is more expensive?

The conveyancing charges for a leasehold property in St Austell is often higher as compared to a freehold residence. This is due to the extra time required in dealing with the landlord and managing agents to collate the information about whether the rent and maintenance charges have been discharged and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.

It has been 4 months following my purchase conveyancing in St Austell concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I opted to have a survey completed on a house in St Austell prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies will not issue a loan on such a house.

It varies from the lender to lender. HSBC has different instructions from Halifax. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in St Austell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Austell to see if the conveyancing costs will increase in light of this.

I am looking into buying my first house which is in St Austell and I am already nervous. I couldn't find anything specific about St Austell. Conveyancing will be needed in due course but do you know about the St Austell area? or perhaps some other tips you can share?

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

Frank (my husband) and I may need to sub-let our St Austell basement flat temporarily due to taking a sabbatical. We used a St Austell conveyancing firm in 2004 but they have closed and we did not think at the time get any guidance as to whether the lease permits subletting. How do we find out?

A lease governs the relationship between the freeholder and you the leaseholder; specifically, it will indicate if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in St Austell do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.

St Austell Conveyancing for Leasehold Flats - Sample of Queries before buying

    What is the service charge and ground rent on the apartment? Is anyone aware of any major works anticipated that will likely increase the maintenance costs? It is important to be aware whether window replacement or some other major work is pending to be shared amongst the leasehold owners and may well dramatically impact the level of the service charges or result in a specific invoice.

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Neighbouring Locations

St Columb
St Austell

Find out more about how flying freehold can affect your the value of a property.