My bank has recommended solicitors on their panel based in Bishopsworth but I would rather instruct a conveyancing lawyer in Bishopsworth or nearer to where I live. Are you able to help?
Not all Bishopsworth conveyancing practices are on all banks conveyancing panel. Use the above find an approved solicitor tool to identify a Bishopsworth conveyancing solicitor on the on the bank panel.
My wife and I own a 4 bedroom Edwardian property in Bishopsworth. Conveyancing practitioner acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bishopsworth and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Bishopsworth differ for new build properties?
Most buyers of new build residence in Bishopsworth come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Bishopsworth tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bishopsworth or who has acted in the same development.
Do you have any top tips for leasehold conveyancing in Bishopsworth from the perspective of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Bishopsworth can be bypassed where you get in touch lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information needed by the buyers’ representatives. In the event that you altered the property did you need the Landlord’s consent? Have you, for example installed wooden flooring? Bishopsworth leases often stipulate that internal structural alterations or addition of wooden flooring require a licence from the Landlord consenting to such alterations. Where you dont have the paperwork to hand you should not contact the landlord without contacting your solicitor in the first instance. Some Bishopsworth leases require Licence to Assign from the landlord. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. The majority of landlords or managing agents in Bishopsworth levy fees for providing management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Bishopsworth. If you have had conflict with your freeholder or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be concerned about purchasing a flat where there is an ongoing dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is clearly preferable to present the dispute as historic as opposed to unresolved.
I inherited a garden flat in Bishopsworth, conveyancing having been completed 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Bishopsworth with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2076
With just 52 years left to run we estimate the premium for your lease extension to be between £29,500 and £34,000 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
I am buying a maisonette with all finances in place. I have provided lawyer with 2 distinct evidence of photographic ID, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer stating that the funds are legitimate and that it has come from inheritance and not selling fake watches.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Bishopsworth conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.