It may have been a long time coming a loan offer from Santander for the refinancing of my 4 bedroom garden flat is coming any day now. Are you able to put forward a cheap conveyancing law firm in Axbridge?

You are on the wrong site if you are in need of cut-price fees for conveyancing solicitors in Axbridge. Our goal is to offer affordable conveyancing but our intention is not to work with the cheapest lawyers. Do not be seduced by brokers teasing you with £100 conveyancing in Axbridge. In your best case scenario, in deciding on low cost conveyancing, you will get your money’s worth and at worst you will end up being stung for extras and still not receive the service expected.

We see that you have a post code search directory listing solicitors on the Leeds Building Society conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Axbridge?

We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Axbridge.

As co-executor for the estate of my father I am selling a residence in Monmouth but reside in Axbridge. My solicitor (based 260 miles from mehas requested that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing lawyer in Axbridge to witness this legal document for me?

strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are based in Axbridge

I am looking at a two maisonettes in Axbridge which have about 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold flat in Axbridge is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it reduces the marketability of the premises. The majority of purchasers and banks, leases with under eighty years become less and less attractive. On a more positive 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 a residence 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 Axbridge 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.

Leasehold Conveyancing in Axbridge - Examples of Queries before Purchasing

Is the freehold reversion owned jointly by the tenants? On the whole the outlay for major works are not included within service charges, albeit that there some managing agents in Axbridge require tenants to contribute towards a reserve fund created for the specific purpose of establishing a fund for larger repairs or maintenance. Please note if it is no more than 80 years it will affect the marketability of the property. Check with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will probably have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you will be required to have owned the residence for two years before you are entitled to extend the lease.

When it comes to my conveyancing in Axbridge should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee

(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Axbridge conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.