It may have been a long time coming a loan agreement from Nationwide for the remortgage of my single bedroom garden flat is expected imminently. Are you able to recommend a low cost conveyancing solicitor in Torquay?

This site is not designed to help those in pursuit of the cheapest conveyancing in Torquay. Our intention is to offer cost effective conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint brokers seducing you with £100 conveyancing in Torquay. At best, in being led by low cost conveyancing, you will earn what you pay for and at worst you will end up invoiced for extras and still not receive the service required.

How does conveyancing in Torquay differ for newly converted properties?

Most buyers of new build or newly converted property in Torquay approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Torquay 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 accustomed to new build conveyancing in Torquay or who has acted in the same development.

Over the last few months I have been searching for a ground for flat up to £195,000 and found one close by in Torquay I like with open areas and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Torquay in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you need a home loan that many years will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.

I am using a search engine for the term on line conveyancing in Torquay it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable solicitor for my move?

The ideal way of finding the right conveyancer is through a trusted testimonial, so enquire of colleagues and those you trust who have bought a property in Torquay or the local estate agent or mortgage broker. Fees for conveyancing in Torquay vary, so it's a good idea to secure a minimum of four fee estimates from different solicitors. Be sure to secure confirmation that the fees are fixed.

I am hoping to exchange soon on a studio apartment in Torquay. Conveyancing lawyers assured me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Torquay should include some of the following:

You should have a good understanding of the building insurance obligations Repair and maintenance of the property Details of the parties to the lease, e.g. these could be the leaseholder, head lessor, landlord Whether your lease has a provision for a reserve fund? Where does the liability rest to repair and maintain the main walls and foundations. It is essential for you to know who is liable for the repair and maintenance of all parts of the block and estate

Leasehold Conveyancing in Torquay - A selection of Queries Prior to buying

Is the freehold owned jointly by the leaseholders? It would be a good idea to find out if there is anything that is prohibited in the lease. For example it is fairly common in Torquay leases that pets are not allowed in certain buildings in Torquay. If you like the propertyin Torquay but your dog is not allowed to live with you then you have a very difficult compromise. Who is in charge of the building?