My partner’s uncle is a property lawyer. I hope that I will be offered friends and family pricing for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Southmead?
Do compare pricing. Make use of our search tool on this site. Whilst estimates will be different but service levels do differ between conveyancers as is the case with the vast majority of professional services.
The owners have very assertive sellers who has insisted on a exclusivity contract with a deposit two thousand pounds. Is it wise to enter into such agreements?
This kind of agreement is unusual in Southmead, conveyancers will often sway clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. Secondly, there is no guarantee that just because the owner has executed an exclusivity contract they will sell to you. They may be motivated to break the contract if they receive a large enough financial inducement to do so because an aggrieved party with the benefit of a exclusivitycontract will still be obliged establish consequential losses from the breach and these may not equalise the extra amount that the owner may gain by breaking the contract, no matter how morally reprehensible that may be.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Southmead so that I can pop in to their offices if necessary.
Nowadays approved lawyers for lenders conduct all of the communications via Royal Mail, e-mail or over phone calls. This enables them to conduct the conveyancing transaction no matter where you live in the country. That being said you should check if you have the option of going to the offices of your conveyancing lawyer if you prefer.
How does conveyancing in Southmead differ for new build properties?
Most buyers of new build or newly converted property in Southmead approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Southmead typically buy 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 Southmead or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Southmead I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Southmead suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the anticipated 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. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.