I have just started taking steps with a view to porting my domestic mortgage to a Buy to Let mortgage. The bank has said that I require a solicitor for this. I got in contact with the same Lyme Regis conveyancing practitioner who acted on my behalf when I first purchased the premises. The quote issued of £450 plus VAT is surprising as I am not require purchase conveyancing - it’s just a bog-standard refinance.

The estimate does seem a tad on the high side. If you shop around you might reduce the fees marginally by as much as £100 plus VAT. On the other hand, if you were content with the assistance the firm provided you maylive to regret choosing an an untested conveyancer. Remember to check the firm can act for . You can make use of our search tool to get a quote a Lyme Regis conveyancing firm on the approved list of lawyers, which can often include conveyancing solicitors in Lyme Regis.

Are there restrictive covenants that are commonly identified as part of conveyancing in Lyme Regis?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Lyme Regis. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I'm purchasing my first flat in Lyme Regis with a mortgage from . The developers refused to reduce the price so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my lawyer about the side-deal as it may affect my loan with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer 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.

My husband and I may need to rent out our Lyme Regis 1st floor flat temporarily due to a new job. We instructed a Lyme Regis conveyancing practice in 2003 but they have since shut and we did not think at the time seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

Some leases for properties in Lyme Regis do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.

I purchased a 1st floor flat in Lyme Regis, conveyancing was carried out in 1995. How much will my lease extension cost? Similar flats in Lyme Regis with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 levied per year. The lease expires on 21st October 50

With 50 years unexpired we estimate the premium for your lease extension to be between £36,100 and £41,800 plus legals.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.

Why do I have to supply my with a list of items of identification before they can proceed with my conveyancing in Lyme Regis?

Lyme Regis s are obliged by the Law Society, Solicitors Regulation Authority, the Land Registry and current AML legislation to certify that the have verified the identity of their clients. It will also be a condition of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, national insurance number and date of birth.