The Topsham conveyancing lawyers that just started acting on my purchase in Topsham have suddenly closed. I chose them because I needed a firm on the Santander conveyancing panel and my family Topsham lawyer was not. I paid them £170 on account. What are my options?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Santander conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
My wife and I purchasing a 4 bedroom semi-detached house in Topsham. The intention is to carry out an extension to the side at the property.Will the conveyancing process involve investigations to see if these works are allowed?
Your solicitor will check the deeds as conveyancing in Topsham will sometimes identify restrictions in the title deeds which prevent categories of changes or need the permission of another owner. Some extensions call for local authority planning consent and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I am being told by my conveyancer that restrictive coveneant insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Topsham?
The right level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Lloyds TSB Bank and Virgin Money. Conveyancing lawyers as opposed to members of the public take out such policies.
I am purchasing a property in Topsham. A rare aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Virgin Money your lawyer must follow the formal requirements outlined in Part two of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook sets out minimum conditions for solar panel roof-space leases, and solicitors are required to report to Virgin Money where a lease does not comply with these specifications. The requirements relate to the installation of panels on properties nationwide and is not restricted to Topsham.
Just bought a detached house in Topsham , What is the estimated time for the Land Registry to record the transfer to my name? My Topsham conveyancing solicitor works at snail pace, so I want to be sure that my name is registered.
As far as conveyancing in Topsham registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ according to who lodges the application, whether there are errors and if the Land registry communicate with any other parties. Currently roughly three quarters of such applications are completed within two weeks but occasionally there can be protracted hold-ups. Historically registration takes place once the new owner has moved in to the property so registration formalities is not usually top priority but if there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Topsham I like with open areas and station nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Topsham for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My folks are unable to locate their Topsham property on the HM Land Registry online search facility. They recall that back in the 70’s when they bought the property there were complications concerning the address not being identified on some systems.
Nearly all residences in Topsham should show up. Have you attempted a search with just the postcode. Usually it will disclose all the properties within the postcode. Where registered it will be there with a title number. If they bought back in the 70’s it's conceivable it may be unregistered. The property may still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title deeds which could be with your parent’s mortgage company.