I am not well enough to travel far from Totnes. Is there a reason why all Totnes conveyancing practitioners aren't automatically on all bank panels?

Even though it may seem unfair for banks to restrict who can represent them, from the public’s or conveyancer’s standpoint, the flip side is that mortgage companies are increasingly anxious and feel it essential to shield themselves against illegal activities. As a consequence of this concern banks are limiting their panel of approved conveyancing lawyers to a manageable size.

Due to the input of my in-laws I had a survey completed on a house in Totnes ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some banks tend not give a mortgage on this type of home.

It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Totnes. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Totnes to see if the conveyancing costs will increase in light of this.

What makes your site different to alternative online quote calculators when it comes to conveyancing in Totnes?

At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Totnes. Unlike many estate agents and brokerage sites we do not operate commission arrangements with solicitors. Many agents and online brokers 'recommend' the firm who pay the highest commission, not the best value conveyancing in Totnes

I've found a house that seems to meet my requirements, at a great price which is making it more attractive. I have subsequently found out that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Totnes. Conveyancing solicitors have are about to be appointed. Will they explain the issues?

Most houses in Totnes are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Totnes so you should seriously consider shopping around for a Totnes conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’spermission to conduct alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your solicitor should report to you on the legal implications.

I acquired a ground floor flat in Totnes, conveyancing was carried out March 2000. Can you work out an approximate cost of a lease extension? Comparable flats in Totnes with an extended lease are worth £227,000. The average or mid-range amount of ground rent is £50 yearly. The lease runs out on 21st October 2095

With 71 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as costs.

The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

There are a lot of houses in Totnes on unadopted roads. We are buying one such house. Are there any benefits to purchasing a residence on a privately owned road?

Totnes conveyancing practices are used to conveyancing houseson private. Your property lawyer should review the Land Registry data to find any rights or liabilities. In many cases there is a residents association that proprietors make annual contributions for the upkeep of the road. If one exists, the road should be maintained and appear better than publicly maintained.