I am buying a terraced house in Frenchay Common. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Frenchay Common you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Frenchay Common.

Are there restrictive covenants that are commonly identified during conveyancing in Frenchay Common?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Frenchay Common. 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'm buying my first flat in Frenchay Common with a loan from Nationwide Building Society. The builders would not budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not disclose to my solicitor about the side-deal as it may adversely affect my mortgage with Nationwide Building Society. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Frenchay Common I like with amenity areas and station nearby, the downside is that it only has 49 remaining years left on the lease. There is not much else in Frenchay Common suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you require a home loan that many years will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

Completion is due on the disposal of our £400,000 flat in Frenchay Common in seven days. The freeholder has quoted £396 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Frenchay Common?

Frenchay Common conveyancing on leasehold maisonettes nine out of ten times involves fees being levied by landlords agents :

Completing pre-contract questions Where consent is required before sale in Frenchay Common Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Frenchay Common leasehold premises is £350. For Frenchay Common conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to supply answers.

Leasehold Conveyancing in Frenchay Common - A selection of Queries before buying

Many Frenchay Common leasehold properties will be liable to pay a service charge for maintenance of the building set on behalf of the management company. Where you buy the apartment you will have to meet this charge, normally periodically accross the year. This could be anything from two or three hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay yearly, ordinarily this is not a exorbitant amount, say around £25-£75 but you should to check it because occasionally it can be prohibitively expensive. It is important to be aware whether a new roof is being installed or some other significant cost is due in the foreseeable future to be shared amongst the leaseholders and could well dramatically impact the level of the service costs or result in a specific payment. How much is the annual service fee and ground rent?