We note that you have a post code search directory identifying solicitors on the Kent Reliance conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Teignmouth?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Teignmouth.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Teignmouth. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 30/7/2021, the requirements read as follows :
Due to the input of my in-laws I had a survey completed on a property in Teignmouth before retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not give a loan on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Teignmouth. Conveyancing will be smoother if you use a solicitor in Teignmouth especially if they are accustomed to such properties in Teignmouth.
I today plan to offer on a house that seems to meet my requirements, at a great price which is making it more attractive. I have since found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Teignmouth. Conveyancing lawyers have are about to be instructed. Will they explain the issues?
The majority of houses in Teignmouth are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Teignmouth so you should seriously consider shopping around for a Teignmouth conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor should appraise you on the various issues.
I inherited a split level flat in Teignmouth, conveyancing formalities finalised October 2006. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Teignmouth with an extended lease are worth £191,000. The ground rent is £55 invoiced annually. The lease ends on 21st October 2075
With just 54 years remaining on your lease we estimate the price of your lease extension to range between £32,300 and £37,400 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.
My cousin is purchasing a basement flat in Teignmouth. He was given a quote by the conveyancer connected to the selling agents totaling £1300 . It was fifteen years ago since I sold and bought a home and the bill was £450. Have costs really gone up that much?
We would recommend that you visit 3 or 4 local Teignmouth conveyancing solicitors seeking prices. It is advisable to base your selection not only on cost, but on promptness and on how comprehensive the reply is.