I have given 2 months notice to my current landlord and have to vacate my rented property in Totnes by 6/12/2021. Conveyancing for my house purchase is progressing. How realistic is it to complete in 4 weeks as I wish to avoid having to find short term accommodation?
Generally one should not serve notice on a rental until you have exchanged. If you have not previously done so, update to your conveyancer and urge them to they chase the sellers lawyers, try to get a realistic time scale from them that everyone will aim to achieve
How do I check that the solicitor conducting my conveyancing in Totnes is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus paying £187.00 plus VAT in supplemental legal fees.
Please do make the most of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type ‘Totnes’ or your location and you will be presented with numerous solicitors located in Totnes or near you.
I am buying a property and the conveyancer has mentioned Chancel Repair for which the property may be liable given it’s proximity to the area of such a church. She has suggested insurance. Is this really appropriate for conveyancing in Totnes
Unless a previous purchase of the house completed after 12 October 2013 you could assume that lawyers carrying out conveyancing in Totnes to continue to suggest a chancel search and or insurance against a claim.
three months have gone by following my purchase conveyancing in Totnes concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking at a couple of apartments in Totnes both have about 50 years remaining on the leases. Do I need to be concerned?
There are plenty of short leases in Totnes. The lease is a right to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this field.
Totnes Leasehold Conveyancing - Examples of Questions you should ask before buying
The prefered form of lease structure is a share of the freehold. In this scenario the leaseholders benefit from being in charge if their destiny and although a managing agent is often employed if it is larger than a house conversion, the managing agent is directed by the tenants. The answer will be important as a) areas could cause problems in the block as the communal areas may start to deteriorate if services are not paid for b) if the tenants have an issue with the running of the building you will want to have all the details