I chose a Bristol based firm for our conveyancing in Bristol last week. Upon checking the Terms I notewe are responsible for charges even if the dealfalls through. Would I be best advised to instruct an internet solicitor practice advertising no move no charge conveyancing in Bristol?
It is usually a trade off in that if "No Completion No Fee" is available then the fee levels will tend to be be higher to cover those transactions that abort. You should be mindful that these arrangements tend not to cover outlay by way of example Bristol conveyancing search expenses.
We are acquiring our first house. Our conveyancing practitioner has contact usto check if we wish to order additional conveyancing searches. Frankly we have no idea as to what's needed for conveyancing in Bristol
The range of Bristol conveyancing searches depends primarily on the premises, the location, the probability of any of these risks, your knowledge of the region and risks, your general attitude to risk. What matters is that you properly understand what information the searches could supply. You may then make a decision if you consider that you need that search. If in doubt, ask the conveyancing practitioner to explain.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Bristol is where the house is located. Can you offer any guidance?
Flying freeholds in Bristol are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bristol you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bristol may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are novice buyers - agreed a price, but the property agent advised that the seller will only move forward if we use the agent's preferred conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Bristol
It is unlikely the owners are behind this. Should the owner require ‘a quick sale', alienating a serious purchaser is counter productive. Speak to the owners direct and make sure they comprehend that (a)you are motivated purchasers (b)you are ready to go, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Bristol conveyancing lawyers - not the ones that will give the estate agent a commission or achieve conveyancing figures pre-set by head office.
Back In 2000, I bought a leasehold house in Bristol. Conveyancing and Bank of Ireland mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Bristol who previously acted has now retired. Any advice?
First make enquiries of the Land Registry to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Bristol conveyancing practitioner to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a studio flat in Bristol, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Bristol with over 90 years remaining are worth £222,000. The ground rent is £50 invoiced every year. The lease finishes on 21st October 2092
With just 71 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.