I selected a high street lawyer for our conveyancing in Port Isaac yesterday. After carefully reading the Ts and Cs I notewe are liable for charges even where the transaction does not complete. Should I go with them or choose an internet conveyancing company who offer no completion no charge conveyancing in Port Isaac?

It is usually ‘give and take’ in that if "No Sale No Fee" is available then the fee levels will generally be higher to counteract those conveyances that fail to complete. You should be mindful that these arrangements tend not to protect you from outlay e.g. Port Isaac conveyancing search fees.

Taking into account that I will soon part with £400,000 on a garden flat in Port Isaac I wish to have a conversation with the lawyer concerning thehouse move before instructing the firm. Can this be arranged?

We could not agree more - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your property ownership legalities in Port Isaac.There is no ‘factory style conveyancing’ - each client is an important individual, not a file reference. The solicitors that we put you in touch with believe that the figure you are quoted for residential conveyancing in Port Isaac should be the amount on the final invoice that you end up paying.

In my capacity as executor for the will of my grandmother I am selling a property in Monmouth but I am based in Port Isaac. My conveyancer (approximately 300 kilometers awayrequires that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Port Isaac to witness this legal document for me?

Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Port Isaac based

Are there common defects that you come across in leases for Port Isaac properties?

There is nothing unique about leasehold conveyancing in Port Isaac. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain clauses are not included. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party. A provision to repair to or maintain elements of the property

You could encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Leeds Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.

I own a 1 bedroom flat in Port Isaac, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Port Isaac with a long lease are worth £197,000. The ground rent is £55 yearly. The lease terminates on 21st October 2080

With just 55 years left to run the likely cost is going to span between £31,400 and £36,200 plus costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.

I previously informed by my bank that their approved solicitors work on no move no charge basis for conveyancing in Port Isaac. I had a purchase fall through nevertheless the lawyers have requested search fees! They say the fees are nothing to do with their fees!

By offering "no sale no fee" Port Isaac conveyancing practices are foregoing their charges for any work carried out. We must stress this is NOT an insurance scheme. you will still required to reimburse any costs that your lawyer has expended on your behalf for example Port Isaac local authority searches