My partner and I have just purchased a property in Saltash. We have noticed several issues with the property which we suspect were omitted in the conveyancing searches. What action can we take? Can you clarify the type of searches that needed to have been carried out as part of conveyancing in Saltash?
The question is not clear as what problems have arisen and if they are relate to conveyancing in Saltash. Conveyancing searches and investigations undertaken as part of the buying process are carried out to help avoid problems. As part of the process, the vendor completes a questionnaire referred to as a SPIF. If the information is misleading, you may have a misrepresentation claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Saltash.
Do I need to pop into the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Saltash so that I can pop in to their offices if required.
Most conveyancing panel lawyers for mortgage companies conduct their work via Royal Mail, internet or over phone calls. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. However you can see if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Saltash is the location of the property. What do you suggest?
Flying freeholds in Saltash are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Saltash you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Saltash may decide 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 premises.
I've found a house that seems to tick a lot of boxes, at a great figure which is making it more attractive. I have since discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Saltash. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Saltash ?
The majority of houses in Saltash are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Saltash so you should seriously consider shopping around for a Saltash conveyancing solicitor and check that they are used to dealing with leasehold houses. First 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 will likely included provisions such as obtaining the landlord’sconsent to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your conveyancer should appraise you on the various issues.
I purchased a 1 bedroom flat in Saltash, conveyancing was carried out April 2007. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Saltash with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 per annum. The lease expires on 21st October 2096
With 70 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 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 the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
How much will conveyancing in Saltash cost?
Almost all Saltash conveyancing practices will charge a set fee. Where additional work become due during the transaction your conveyancing practitioner must disclose to you in writing of any supplemental fees for such work immediately it becomes foreseeable. Some work on a no move no fee offering, others will charge a proportion of the agreed costs, according to the stage at which the transaction aborts.
It is advisable to obtain a few firms to provide you an estimate.