Is there a reason why leasehold purchase conveyancing in Looe is more expensive?

The conveyancing charges on a leasehold premises in Looe is inevitably higher as compared to a freehold transaction. This is because there is an amount of additional work required in corresponding with the freeholder and management company to collate the evidence about whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the near future on repairs or maintenance of the building.

I am buying a new build house in Looe with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The sale representative told me not to tell my solicitor about the extras as it would affect my mortgage with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

We're first time buyers - agreed a price, yet the agent has warned us that the vendor will only issue a contract if we instruct their chosen lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a family conveyancer accustomed to conveyancing in Looe

We suspect that the seller is unaware of this ultimatum. Should the vendor require ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Looe conveyancing lawyers - rather thanthose that will give their estate agent a introducer fee or meet his conveyancing thresholds pre-set by corporate headquarters.

Looking forward to complete next month on a ground floor flat in Looe. Conveyancing solicitors inform me that they report fully tomorrow. What should I be looking out for?

Your report on title for your leasehold conveyancing in Looe should include some of the following:

The physical ownership of the property. This will be the flat itself but could also include a attic or basement if appropriate. Repair and maintenance of the property Does the lease require carpeting throughout thus preventing wood flooring? You should be sent a copy of the lease

I inherited a ground floor flat in Looe, conveyancing formalities finalised 5 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Looe with a long lease are worth £211,000. The ground rent is £45 yearly. The lease terminates on 21st October 2092

With 67 years unexpired we estimate the price of your lease extension to range between £10,500 and £12,000 as well as costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.

I'm buying a apartment in Looe. I can find my conveyancer's company on the CLC list, but I can't find my conveyancer's name as listed on the regulator's website. Should I be concerned?

Not all staff in the company must be listed by the regulator. As long there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unqualified staff.