Do conveyancers ask for money on account for conveyancing in Teignmouth?

If you are buying a property in Teignmouth your lawyer will ask you to provide them with funds to cover the the cost of the conveyancing searches. Generally this is asked for to cover the fees of the Local Authority Search. When the deposit is payable against the purchase price then this will be asked for immediately prior to contracts are exchanged. The closing balance that is needed will be payable shortly before completion.

We're in Teignmouth, First time buyers buying with a mortgage (lender is Santander , and our solicitor is on the Santander conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Santander conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

My wife and I buying a 3 bedroom semi in Teignmouth. We would like to an extension at the rear at the house.Will legal due diligence on the property involve checks to see if these works are permitted?

Your conveyancer will check the registered title as conveyancing in Teignmouth can sometimes reveal restrictions in the title deeds which prohibit certain alterations or necessitated the consent of a 3rd party. Some extensions require local authority planning permissions and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.

I am purchasing a property in Teignmouth. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Santander be concerned?

Given that you are obtaining a mortgage with Santander your lawyer must follow the conveyancing instructions contained in Part 2 of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and lawyers are required to report to Santander where a lease does not comply with these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not limited to Teignmouth.

I am selling my flat. I had a double glazing fitted in February 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Aldermore are being a right pain. The Teignmouth solicitor who is on the Aldermore conveyancing panel is recommending indemnity insurance as a solution but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?

It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Teignmouth?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Teignmouth. 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 am in need of some leasehold conveyancing in Teignmouth. Before diving in I want to be sure as to the remaining lease term.

If the lease is recorded at the land registry - and 99.9% are in Teignmouth - then the leasehold title will always include the short particulars 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 invested in buying a studio flat in Teignmouth, conveyancing having been completed April 2001. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Teignmouth with over 90 years remaining are worth £265,000. The ground rent is £50 invoiced every year. The lease expires on 21st October 2100

You have 75 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.