When does exchange of contracts occur in sale conveyancing in Bridport and do I need to be at the lawyers branch?
If you are local to our conveyancing solicitors in Bridport you are invited in to sign the paperwork. That being said, the firms we work with supply a countrywide conveyancing service and give as equally detailed and professional a job for you when communicating with you digitally. The executing of the contract is not the point of no return. A signed contract simply enables the conveyancer to officially exchange at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bridport)to be in the office at the appropriate time.
There are plenty of conveyancing solicitors in Bridport but how do I know who I should use?
Do not opt for the lowest Bridport conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
I happen to be the single recipient of my late mum's will with all property in now in my sole name, including the house in Bridport. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship may be treated the same way as though I had purchased the house in June. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Some mortgage companies would take a pragmatic view as this obligation primarily exists to pick up on subsales or the quick reselling of properties.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a Bridport conveyancer on the Skipton panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I was advised by a few estate agents in Bridport to select a solicitor on your site. What’s the financial incentive for Estate Agents to offer your lawyers over and above alternative conveyancing organisations?
We don’t make any financial incentive for sending work our way. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Estate agents have just been given the go-ahead to market my ground floor apartment in Bridport. Conveyancing has not commenced, but I have just had a quarterly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as you normally would given that all rents and maintenance payments should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a basement flat in Bridport, conveyancing having been completed 7 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Bridport with an extended lease are worth £192,000. The ground rent is £55 per annum. The lease ends on 21st October 2076
With 54 years unexpired we estimate the price of your lease extension to range between £32,300 and £37,400 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
What advice do you have for searching for reasonably priced conveyancing in Bridport?
Option 1 is to ask your friends and family who they used in the past and if they were happy with the service. Second, use a search tool on the web for conveyancing in Bridport. Phone two or three from the list and ask them to email you their conveyancing charges and discuss your needs with the solicitor who will conduct your conveyancing before you commit. Third is to use this site to assist you in finding the right solicitors for you based on your unique factors including location,speed, complexity and who the proposed mortgage company is.Do not be fooled by lowest cost conveyancing solicitors in Bridport