I am looking to buy a house and need a conveyancing solicitor in Torpoint who is on the Bank of Scotland approved. Could you point me in the right direction as regards a solicitor?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Bank of Scotland in certain locations such as Torpoint. We dont recommend any particular firm.

How does conveyancing in Torpoint differ for newly converted properties?

Most buyers of new build premises in Torpoint contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Torpoint typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Torpoint or who has acted in the same development.

Over the last few months I have been searching for a flat up to £195,000 and found one close by in Torpoint I like with a park and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Torpoint for this price, so just wondered if I would be making a mistake acquiring a short lease?

If you require a mortgage the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.

Is it best to choose a Torpoint conveyancing solicitor who is local to the property I am buying? An old friend can perform the legal formalities but his firm is located over three hundred kilometers away.

The primary upside of using a local Torpoint conveyancing practice is that you can visit the firm to execute documents, present your ID and pester them where appropriate. They will also have local insight which is a plus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that must outweigh using an unknown Torpoint conveyancing lawyer just because they are based in the area.

I’m about to sell my garden apartment in Torpoint. Conveyancing lawyers have not yet been instructed, but I have just had a quarterly service charge demand – what should I do?

It best that you discharge the service charge as usual given that all rents and service payments will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

Torpoint Leasehold Conveyancing - A selection of Queries before Purchasing

What is the the remaining lease term? How much is the yearly maintenance fee and ground rent? How many of the leaseholders are in arrears for their maintenance charge payments?