Just been in touch with my conveyancing lawyer in Bishopston who acted for me two years ago asking for a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold premises and a freehold property) of similar values with a loan from Nationwide Building Society. It looks as though am now being charged double. Am I right to be tempted to shop around for an alternative property lawyer?
The charges are a tad high. If you shop around you might reduce the fees marginally by perhaps a hundred pounds. On the other hand, providing that you were satisfied with the legal work the firm gave you couldcome to regret choosing an an untested conveyancer. If is important to enquire the solicitor can also act for Nationwide Building Society. You can utilise our search tool to get a quote a Bishopston conveyancing firm on the Nationwide Building Society approved list of lawyers, which can often include conveyancing solicitors in Bishopston.
We have very pushy vendors who has recommended a lock out agreement with a non-refundable deposit of 5k. Are such agreements sensible?
Exclusivity agreements are agreements binding a home vendor and prospective buyer granting the buyer the sole right to the sale of the property for a limited period of time. Essentially, an exclusivity is a document stating that you will receive a contract at a later time which is the main conveyancing contract. It tends to be used for buyer confidence though in some cases, the owner may stand to benefit from such agreements as well. There are numerous positives and negatives to using them but you need to check with your conveyancer but note that it may end up incurring extra in conveyancing charges. For these reasons these agreements are avoided when it comes to conveyancing in Bishopston.
I own a freehold house in Bishopston but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Bishopston and has limited impact for conveyancing in Bishopston but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
Due to the encouragement of my in-laws I had a survey completed on a house in Bishopston ahead of appointing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bishopston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bishopston to see if the conveyancing will be more expensive.
I'm buying a apartment in Bishopston. I can find my conveyancer's company on the CLC list, but I can't locate my lawyer's name on the list. Is this a big problem?
Not all staff in the practice must be listed by the regulator. As long there is someone qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unqualified staff.