Will lawyers ask for money up-front when it comes to conveyancing in Bishopston?

If you are buying a property in Bishopston your solicitor will ask you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the purchase price then this should be required immediately before exchange of contracts. The final balance that is needed should be sent to your lawyer a few days ahead of the completion date.

I am buying a house and need a conveyancing solicitor in Bishopston who is on the Virgin Money conveyancing. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Virgin Money in certain locations such as Bishopston. We dont recommend any particular firm.

I am helping my niece sell her flat in Bishopston. Does the solicitor order an energy performance certificate or should I organise this?

After the demise of HIPs, energy assessments was maintained a mandatory element of moving house. An energy assessment must be commissioned prior to the property being advertised. It is not a task that lawyers ordinarily organise. If you are using a Bishopston conveyancing solicitor they may help arrange EPC’s given their relationships with reputable local energy assessors

I'm the single beneficiary of my late mum's estate and I have everything in my name now, including the house in Bishopston. The Bishopston property was put into my name in June. I plan to dispose of the house. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership will be considered the same way as though I had purchased the house in June. Do I have to wait half a year to sell?

The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How sensible a view mortgage companies take of it, depend on the bank as this clause chiefly exists to identify the purchase and immediately sell or the quick reselling of properties.

I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Bishopston bank branch on numerous occasions and was reassured it wasn't a problem and they will lend. My Bishopston conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?

Your property lawyer has to follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

My company is looking to take an assignment of a lease of an office on a shopping parade. Can you recommend conveyancers offering competitive costs for non-domestic conveyancing in Bishopston for less than £1,200?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Bishopston, including the sale and purchase of businesses as well as simply property. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. As for the fees this will depend on the structure and terms of the deal. Please provide us with your details or email us so that we may furnish you with comprehensive commercial conveyancing quote.

I've recently bought a leasehold flat in Bishopston. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation 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. It is an essential part of leasehold conveyancing for your conveyancer to ensure 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 purchased a ground floor flat in Bishopston, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Bishopston with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2100

With just 76 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 plus professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.