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Find a Wadebridge Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Wadebridge? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Wadebridge conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Wadebridge

The deeds to my home can not be found. The conveyancers who handled the conveyancing in Wadebridge 10 years ago are no longer around. Will I be able to sell the house?

You no longer need to hold title official documentation to evidence that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.

How does conveyancing in Wadebridge differ for new build properties?

Most buyers of new build residence in Wadebridge approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Wadebridge typically purchase 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 property lawyers 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 Wadebridge or who has acted in the same development.

Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a quick, no chain conveyancing. Wadebridge is the location of the property. Can you shed any light on this issue?

Flying freeholds in Wadebridge are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wadebridge you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wadebridge may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Given that I am about to part with hundreds of thousands of pounds on a terraced house in Wadebridge I wish to have a conversation with the solicitor concerning thehome move before instructing the firm. Can this be arranged?

This is something that we encourage - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer who will be carrying out your conveyancing in Wadebridge.There is no ‘factory style conveyancing’ - every client is unique person, not a case reference. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Wadebridge should be the amount on the final invoice that you are charged.

I am employed by a reputable estate agent office in Wadebridge where we have experienced a few leasehold sales jeopardised as a result of short leases. I have been given conflicting advice from local Wadebridge conveyancing firms. Please can you confirm whether the owner of a flat can instigate the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I bought a split level flat in Wadebridge, conveyancing formalities finalised in 2004. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Wadebridge with over 90 years remaining are worth £202,000. The ground rent is £55 charged once a year. The lease ceases on 21st October 2075

With just 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 as well as legals.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.

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Find out more about how flying freehold can affect your the value of a property.