A mortgage agreement from NatWest for the remortgage of my 4 room garden flat is due any day now. Can you propose a cheap conveyancing solicitor in Avonmouth?
You are on the wrong site if you are seeking the cheapest conveyancing in Avonmouth. We can offer you value for money conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing brokers teasing you with ninety nine pound conveyancing in Avonmouth. Optimistically, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst you will end up invoiced for extras and still not receive the service required.
Having spent time scouring mumsnet.com for a cheap solicitor in Avonmouth, many post that I should look for a CQS kitemarked solicitor. What is CQS?
Avonmouth Conveyancing Quality Scheme law firms have achieved certification under the Law Society's Scheme (CQS) The Law Society established CQS to promote high standards in the in the legal transfer of properties. CQS helps buyers and sellers to recognise solicitor firms that provide a quality residential conveyancing. Avonmouth is one of locations in England and Wales in which accredited firms are based. The conveyancing scheme requires practices to undergo a strict assessment, compulsory training, self-certification, spot checks and yearly assessments in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Council of Mortgage Lenders.
My partner and I are close to exchanging contracts on the sale of our house in Avonmouth and according to the buyers it appears that there is a risk of it being built on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers instructed a factory type conveyancing firm rather than a conveyancing solicitor in Avonmouth. We have lived in Avonmouth for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I am tempted by the attractive purchase price for a two flats in Avonmouth which have about 50 years left on the leases. Will this present a problem?
A lease is a right to use the premises for a period of time. As the lease gets shorter the marketability of the lease decreases and it becomes more expensive to extend the lease. For this reason it is often a good idea to extend the lease term. It is often difficult to sell a property with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
I bought a studio flat in Avonmouth, conveyancing having been completed 10 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Avonmouth with an extended lease are worth £222,000. The ground rent is £50 charged once a year. The lease comes to an end on 21st October 2089
With only 70 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use this information 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 should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
Whilst your website is a good idea there are many lawyers listed near Avonmouth being on the lender conveyancing panel. Can you recommend a specific firm on the bank approved panel?
We are not in the business of recommending one firm above another as the right Avonmouth conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Avonmouth knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..