My mortgage broker has requested my Bristol solicitor’s panel reference for the Nationwide conveyancing panel. Can you suggest how I find this out. I have e-mailed my local Bristol office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Bristol lawyer . They maintain a central record lender panel numbers.
It has been five months since my purchase conveyancing in Bristol concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Bristol differ for newly converted properties?
Most buyers of new build premises in Bristol contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Bristol tend to purchase 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 conveyancing solicitors 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 Bristol or who has acted in the same development.
I have been on the look out for a ground for flat up to £245,000 and found one close by in Bristol I like with a park and transport links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Bristol suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
My lawyers in Bristol have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the bank. Is it case that being on the lender conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.