Me and my partner are soon to complete buying a house in Bridport but as a result of wreckage from a small fire at the property I have was able negotiate reparation from the seller in the sum of £3k in the form of a reduction in the price. This was going to be addressed as part of a side agreement yet Co-operative will not agree to this. Should they have been involved?
Your conveyancing practitioner being on the Co-operative approved list is required to disclose to Co-operative of any changes to the sale price. If you were to refuse your conveyancer to disclose the reduction to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new property lawyer for your conveyancing in Bridport.
How can we tell if a Bridport conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Bridport getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer carrying out your transaction.
I am due to exchange contracts on my apartment. I had a double glazing fitted in February 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, HSBC are being difficult. The Bridport solicitor who is on the HSBC conveyancing panel is recommending indemnity insurance as a solution but HSBC are insisting on a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Having read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Bridport solicitor - who is on the Coventry BS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Bridport postcode. As you are getting a mortgage with Coventry BS, you could contact them to see if they have a list of approved surveyors in Bridport.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bridport?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bridport. 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 have been on the look out for a ground for flat up to £305k and identified one close by in Bridport I like with amenity areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Bridport for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
In scouring the world wide web for the words cheap conveyancing in Bridport it reveals many property lawyersin the area. With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?
The best method of seeking the right conveyancer is via trusted recommendation, so ask colleagues and relatives who have purchased a property in Bridport or the local estate agent or financial adviser. Fees for conveyancing in Bridport vary, so it's a good idea to request a minimum of three costs illustrations from varying types of law firms. Be sure to obtain confirmation what costs in the quote includes.