My bank has recommended a law firm on their panel based in Teignmouth but I would rather choose a conveyancing lawyer in Teignmouth or nearer to where I live. Are you able to help?
Far from all Teignmouth conveyancing practitioners are on all lender’s conveyancing panel. Use the above search tool to choose a Teignmouth conveyancing solicitor on the on the lender panel.
How does conveyancing in Teignmouth differ for newly converted properties?
Most buyers of new build residence in Teignmouth approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because developers in Teignmouth typically buy 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 used to new build conveyancing in Teignmouth or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Teignmouth I like with amenity areas and railway links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Teignmouth suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
What does commercial conveyancing in Teignmouth cover?
Non domestic conveyancing in Teignmouth covers a wide array of guidance, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
My wife and I have instructed a Teignmouth conveyancing solicitor for our home move (first time buyers) and have picked up in the terms and conditions that they are not overseen by the Financial Conduct Authority. Should I be worried or is that usually the case with property lawyer?
We can't see why they should be. Most solicitor don't lend money. You should check that they are governed by the SRA, who have specific rules regulating monies sitting by them.