I have recentlybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Tavistock for a purchase of a leasehold flat 18 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?

The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Tavistock conveyancing specialists.

How does conveyancing in Tavistock differ for newly converted properties?

Most buyers of new build residence in Tavistock come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Tavistock usually purchase 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 used to new build conveyancing in Tavistock or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a property in Tavistock prior to retaining conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks tend refuse to issue a loan on a flying freehold property.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Tavistock. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tavistock to see if the conveyancing costs will increase in light of this.

I am looking into buying my first house which is in Tavistock and I am already nervous. I couldn't find anything specific about Tavistock. Conveyancing will be needed in due course but do you know about the Tavistock area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Tavistock. In the meantime here are some basic statistics that we found

I am attracted to a two flats in Tavistock both have about fifty years remaining on the leases. should I be concerned?

There is no doubt about it. A leasehold apartment in Tavistock is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. The majority of purchasers and mortgage companies, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Tavistock conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I inherited a split level flat in Tavistock, conveyancing having been completed 3 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Tavistock with over 90 years remaining are worth £165,000. The ground rent is £45 levied per year. The lease comes to an end on 21st October 50

With 50 years left to run the likely cost is going to range between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you 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.