Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Torrington?

There are many registered licenced Conveyancers in Torrington and Solicitor firms in Torrington offering conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in transferring property. Both can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

This question may be naive but I am unexperienced as a 1st time purchaser of a two bedroom flat in Torrington. Do I pick up the keys to the property on completion from my lawyer? If so, I will find a High Street conveyancing solicitor in Torrington?

On the day of completion you will not be required to attend the conveyancers office in Torrington. Your solicitors will transfer the purchase money to the vendor’s solicitors, and once they have received this, you will be able to receive the keys from the property Agents and start moving into the property. This tends to happen early afternoon.

I recently had an offer agreed on an apartment in Torrington. My financial adviser recommended their conveyancers. I paid an upfront payment of £225. Not long after, the conveyancer called me to say that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

What does a local search tell me concerning the house we're purchasing in Torrington?

Torrington conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search plays an important role in many a Torrington conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.

How does conveyancing in Torrington differ for newly converted properties?

Most buyers of new build residence in Torrington come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Torrington tend to purchase the land, 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 conveyancers 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 Torrington or who has acted in the same development.

I need to appoint a conveyancing solicitor for my conveyancing in Torrington. I happened to chance upon a web site which looks to be the ideal solution If there is a chance to get all this stuff completed via web that would be ideal. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

My partner and I may need to sub-let our Torrington ground floor flat temporarily due to taking a sabbatical. We used a Torrington conveyancing firm in 2001 but they have closed and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?

A small minority of properties in Torrington do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.

I inherited a leasehold flat in Torrington, conveyancing having been completed November 1998. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Torrington with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2079

You have 55 years remaining on your lease we estimate the premium for your lease extension to range between £31,400 and £36,200 plus professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.