The vendors of the house we are looking to purchase are using a conveyancing firm in Avonmouth who has recommended a lock out agreement with a deposit 6,000. Are such arrangements recommended for Avonmouth conveyancing transactions?

Lock out agreements are agreements binding a home vendor and prospective buyer giving the buyer exclusive rights to the sale of the premises within an agreed time frame. Essentially, an exclusivity is a document specifying that you will be issued with a contract at a later date which is the main conveyancing contract. It is generally utilised for buyer confidence though in some cases, the owner may enjoy an upside from such agreements as well. There are various pros and cons to using them but you should to check with your solicitor but beware that it may end up incurring extra in conveyancing fees. For this these contracts are avoided when it comes to conveyancing in Avonmouth.

I have been referred to a conveyancing solicitor in Avonmouth. I I am struggling to find out whether they are accepted on the The Mortgage Works approved list of lawyers. Can you advise?

The first thing you should do is phone the lawyer and enquire if they are on the lender panel. Otherwise you should call The Mortgage Works who may be able to help.

Just had an offer accepted on a new build apartment in Avonmouth. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Avonmouth

There must be mutual enforceability of lessee’s covenants. 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. 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. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

I am a sole trader hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering no-sale-no fees for non-domestic conveyancing in Avonmouth for below £1,200?

We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Avonmouth, including the disposal and acquisition of businesses as well as simply property. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right lawyer. Regarding the charges this will depend on the structure and nuances of the deal. Please provide us with your contact information or telephone so as to enable us to provide you with comprehensive commercial conveyancing quote.

Last December I purchased a leasehold flat in Avonmouth. Am I liable to pay service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I invested in buying a basement flat in Avonmouth, conveyancing formalities finalised in 1995. Can you work out an approximate cost of a lease extension? Corresponding flats in Avonmouth with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease expires on 21st October 2092

With just 69 years unexpired the likely cost is going to be between £9,500 and £11,000 as well as legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.