I am buying a ground floor flat in Cotham. My Conveyancer is not listed on the bank conveyancing list. Is it possible for me to retain my Cotham conveyancing solicitor notwithstanding that they are not on the mortgage company panel of approved conveyancing solicitors?
One will need to use a lawyer to complete the legal work required if you need a mortgage to purchase your home. They will carry out all the appropriate legal checks on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is dealt with. One can select a Cotham solicitor of your choice. Nevertheless, if the conveyancer selected is not a member of the bank conveyancing panel supplemental charges will be levied as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so provided your solicitor has not historically applied for membership they should do so.
Are the BSA planning on creating a searchable register to to identify firms on the Coventry BS conveyancing panel for instance in Cotham?
We have not been informed any intention on the part of the BSA to develop such a tool.
Are there restrictive covenants that are commonly identified during conveyancing in Cotham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Cotham. 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 am looking for a ground for flat up to £245,000 and identified one near me in Cotham I like with open areas and transport links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Cotham in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Taking into account that I am about to part with 450k on a two bedroom apartment in Cotham I would like to talk to a solicitor about mytransaction prior to appointing the firm. Can this be arranged?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer who will be carrying out your conveyancing in Cotham.There is no ‘factory style conveyancing’ - each client is unique person, not a matter reference. The solicitors that we put you in touch with believe that the fees you are quoted for residential conveyancing in Cotham should be the figure that you end up paying.