It may have been a long time coming a loan offer from HSBC for the remortgage of my 3 bedroom maisonette is expected by the end of next week. Can you recommend a low cost conveyancing solicitor in Silverton?

You are on the wrong site if you are seeking the cheapest conveyancing in Silverton. We can offer you affordable conveyancing but our intention is not to advertise as being the cheapest. Do not be fooled by organisations enticing you with ninety nine pound conveyancing in Silverton. Optimistically, in going for low cost conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not get the service expected.

We are purchasing our first house. Our conveyancing practitioner has e-mailedto ask if we would like to order supplemental conveyancing searches. We are really unsure what's necessary for conveyancing in Silverton

The extent of Silverton conveyancing searches depends entirely on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your general attitude to risk. What matters is that you properly comprehend what information the searches could provide. Then you can make a decision if you consider that you need that search. Where you are uncertain, ask the conveyancing practitioner to offer guidance.

The estate agent has sent us the confirmation of our purchase of a new build flat in Silverton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Silverton

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.

Is it possible to swap solicitor as I need to choose a firm on the Britannia conveyancing list. I was using a local conveyancing solicitor in Silverton round the corner but the firm is not approved by Britannia

We will our best to assist in finding you a conveyancing solicitor in Silverton on the Britannia panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Silverton. Using search facility on this page, you can scrutinise fees for conveyancing solicitors in Silverton and throughout England and Wales.

I work for a busy estate agency in Silverton where we have witnessed a few flat sales derailed as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Silverton conveyancing firms. Could you confirm whether the owner of a flat can commence the lease extension formalities for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Silverton Leasehold Conveyancing - A selection of Queries before buying

You should be aware if it is no more than eighty years it will impact the value of the apartment. It is worth checking with your mortgage company that they are happy with residual term of the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you will need to own the residence for two years before you are entitled to extend the lease. Who is in charge of the building?