A loan offer from HSBC for the remortgage of my 3 bedroom maisonette is expected within the next few days. Could you propose a cheap conveyancing law firm in Chipping Sodbury?

You are on the wrong site if you are in need of a cheap conveyancing in Chipping Sodbury. Our intention is to offer value for money conveyancing but our intention is not to work with the cheapest lawyers. Do not be swayed by organisations offering the bait of ninety nine pound conveyancing in Chipping Sodbury. At best, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst you will end up being stung for additional fees and still not receive the service expected.

Is it the case that all Chipping Sodbury solicitor firms on the Santander conveyancing panel are regulated by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Santander conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many lenders do list licenced conveyancers on their panel in which case such firms would be overseen by the CLC.

Santander have agreed my mortgage in principle, my bid on a property in Chipping Sodbury has been accepted, what are the next steps?

Your estate agent will want to be advised as to your lawyer's details (be sure the lawyers are on the bank’s panel). Call up Santander or your financial adviser and finish off any outstanding forms. Santander will instruct a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Santander will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chipping Sodbury.

At last I have had an offer on an apartment in Chipping Sodbury accepted, the sellers do nevertheless have a tied purchase. The sellers have offered on a property, but it’s not yet tied up, and have viewings of other apartments in the pipeline. I have instructed a local conveyancing solicitor in Chipping Sodbury. What do I do now? When should I get the mortgage application with Principality going?

It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then survey, Chipping Sodbury conveyancing search charges, etc). The first thing to do is check that your conveyancing practitioner is on the Principality conveyancing panel. Concerning the subsequent stages this very much dictated by the circumstances of your transaction, desire for the property and on the state of the market. During a hot market some home buyers will apply for a home loan with Principality and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to move forward with searches.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Chipping Sodbury. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Chipping Sodbury

Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

I am looking for a leasehold apartment up to £305k and identified one close by in Chipping Sodbury I like with amenity areas and station in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Chipping Sodbury for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you require a home loan that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.

I am in need of some leasehold conveyancing in Chipping Sodbury. Before diving in I require certainty as to the unexpired term of the lease.

If the lease is registered - and most are in Chipping Sodbury - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Leasehold Conveyancing in Chipping Sodbury - Examples of Queries before Purchasing

The majority of Chipping Sodbury leasehold flats will have a service bill for the upkeep of the block invoiced by the freeholder. Should you purchase the apartment you will have to pay this contribution, normally periodically accross the year. This could be anything from a couple of hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent to be met yearly, ordinarily this is not a exorbitant figure, say approximately £25-£75 but you need to check it because on occasion it could be many hundreds of pounds. Best to be warned if a new roof is being put on or some other major work is due shortly that will be shared amongst the leaseholders and could well dramatically impact the level of the service costs or result in a one off invoice.