I am thinking of remortgaging my house in Axminster, does my lawyer have to be on the Nottingham Conveyancing panel?

There is nothing to stop you using your solicitor, but Nottingham will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.

I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a residence in Axminster? or I am told that there is a law dating back centuries that means some house owners residing in a parish church boundary will be compelled to contribute towards repairs to the chancel in proximity to the church. Is this appropriate for conveyancing in Axminster?

Unless a previous acquisition of the premises completed after 12 October 2013 you can take it that lawyers delivering conveyancing in Axminster to continue to propose a a chancel search and or insurance against a claim.

I decided to have a survey completed on a house in Axminster before retaining lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks tend not issue a mortgage on such a property.

It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Axminster. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Axminster to see if the conveyancing costs will increase in light of this.

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great figure which is making it all the more appealing. I have since found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Axminster. Conveyancing lawyers have not yet been appointed. Will they explain the issues?

The majority of houses in Axminster are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Axminster in which case you should be looking for a Axminster conveyancing solicitor and check that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’spermission to conduct changes to the property. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is part of an estate. Your solicitor should advise you fully on all the issues.

Leasehold Conveyancing in Axminster - A selection of Queries Prior to Purchasing

Who takes charge for maintaining and repairing the building? Where a Axminster lease has no more than eighty years it will impact the salability of the flat. Check with your lender that they are content with remaining years on the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and it is worth finding out what this would cost. Remember, in most cases you would be required to have been the owner of the property for a couple of years in order to be legally able to exercise a lease extension.

I am purchasing a house with all finances in place. I have provided conveyancer with 2 distinct proof of photographic ID, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer advising that the money is legitimate and that it has come from inheritance and not selling fake DVD.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Axminster conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.