We are purchasing a apartment in Fowey. I might seem paranoid but how we can trust a conveyancer? At some point we will need to send our life savings into their account. What is the protection we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

I recently had an offer agreed on a house in Fowey. My financial adviser pressured me to appoint their solicitor. I paid an upfront payment of £225. Not long after, the conveyancing practitioner called me to say that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

At last I have had an offer on a maisonette in Fowey agreed to, the owners do nevertheless have an associated purchase. The sellers have put an offer on somewhere, but it’s not yet agreed to, and are looking at other flats booked. I have chosen a local conveyancing solicitor in Fowey. What do I do now? When do I get the mortgage application with UBS going?

It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then valuation, Fowey conveyancing search charges, etc). The first thing to do is check that your conveyancer is on the UBS approved list. As to the next steps this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. During a hot market many home buyers would apply for the mortgage with UBS and pay for the valuation and only if it comes back ok would they request their conveyancer to press on with the conveyancing in Fowey.

I bought my apartment on 6 July and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Fowey expressed confidence that it will be formalised inside ten days. Are properties in Fowey uniquely lengthy to register?

As far as conveyancing in Fowey registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can differ depending on the party submitting the application, whether it is in order and if the Land registry have to notify any other persons or bodies. Currently in the region of three quarters of such applications are fully dealt with within two weeks but some can be subject to extensive hold-ups. Historically registration takes place once the purchaser is living at the premises so post completion formalities is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Fowey is the location of the property. Can you shed any light on this issue?

Flying freeholds in Fowey are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fowey you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fowey 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 property.

I am thinking of appointing a conveyancing solicitor in Fowey for my house move. Is it possible to check a firm’s record with the legal regulator?

Members of the public may review presented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.

In relation to leasehold conveyancing in Fowey what are the most common lease problems?

There is nothing unique about leasehold conveyancing in Fowey. All leases are individual and drafting errors can sometimes mean that certain sections are missing. The following missing provisions could result in a defective lease:

Service charge per centages that don't add up correctly leaving a shortfall Repairing obligations to or maintain parts of the property

A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, The Mortgage Works, and Nottingham Building Society all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the buyer to withdraw.

I own a basement flat in Fowey, conveyancing was carried out 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Fowey with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2086

With 62 years left to run we estimate the price of your lease extension to span between £17,100 and £19,800 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.