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

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Recently asked questions about conveyancing in Lyme Regis

Having been recommended your site we were about to go ahead with a conveyancing solicitor in Lyme Regis recommended by you but have come across some other estimates via the web seem less pricey – how come?

One can find plenty of firms promoting self styled cheap conveyancing, yet more often than not extrafees end up with the final fee mounting up beyond all recognition. Conveyancers are obliged to make sure that costs listed in terms of engagement should be equitable raised The conveyancers that we put forward for conveyancing in Lyme Regis clearly state all costs for a residential conveyancing transaction.

Do the conveyancing solicitors via your comparison service execute attended exchange conveyancing in Lyme Regis?

We do have a number of conveyancing specialists carrying out 24hr exchanges. Do call us to get a costs illustration and details as to availability.

I am buying a new build apartment in Lyme Regis. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Lyme Regis

    Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Lyme Regis is the location of the property. Can you shed any light on this issue?

Flying freeholds in Lyme Regis are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lyme Regis you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lyme Regis 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 residence.

I am on look out for some leasehold conveyancing in Lyme Regis. Before diving in I require certainty as to the number of years remaining on the lease.

Assuming the lease is registered - and 99.9% are in Lyme Regis - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I acquired a split level flat in Lyme Regis, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Lyme Regis with a long lease are worth £165,000. The ground rent is £50 yearly. The lease ends on 21st October 2102

With only 77 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 plus costs.

The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before 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.