We are purchasing a property and require a conveyancing solicitor in Bournemouth who is on the Bank of Ireland approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Bournemouth.
My stepmother pointed out to me me that in buying a property in Bournemouth there could be various restrictions limiting what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Bournemouth which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Bournemouth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm in the process of looking at flats in Bournemouth and I am now considering a potential offer. Is it best to have my conveyancer on ‘stand by’? I am planning to take a home loan with Principality.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are getting a mortgage with Principality, ask your prospective lawyers if they are on the Principality conveyancing panel otherwise they can't do the mortgage legal work.
I had an offer accepted on an apartment in Bournemouth on 7/10/2021, valuation was booked five days after, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Are Nottingham entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
Are there restrictive covenants that are commonly identified during conveyancing in Bournemouth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bournemouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am employed by a reputable estate agency in Bournemouth where we have witnessed a few flat sales derailed due to short leases. I have received inconsistent advice from local Bournemouth conveyancing solicitors. Can you confirm whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I invested in buying a studio flat in Bournemouth, conveyancing was carried out in 1997. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Bournemouth with over 90 years remaining are worth £197,000. The ground rent is £55 yearly. The lease expires on 21st October 2076
You have 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
We are in the process of buying a property in Bournemouth. Conveyancing is not yet done but we wish to keep the amount we are are purchasing for confidential from the likes of Rightmove. what can I do to make sure this is not noted?
HMLR by statute are required to disclose price paid information on a register of the title for domestic properties countrywide including properties in Bournemouth. The Title Register is a public document, so HM Land Registry would be breaking the law excluded certain properties such as the property in Bournemouth.
You can make a request of HM Land Registry to withhold the amount paid data however the answer will be in the negative.