Can the conveyancing practitioners listed on your site carry out auction conveyancing in Totterdown?

There are a number of niche lawyers we can put you in touch with those specialising in auction conveyancing. Totterdown is one of hundreds of areas of in which our lawyers have offices.

I'm purchasing my first flat in Totterdown with a mortgage from Halifax. The sellers would not budge the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not reveal to my solicitor about the deal as it would impact my loan with the lender. Do I keep my lawyer in the dark?.

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.

What makes your site different to alternative online quote calculators when it comes to conveyancing in Totterdown?

At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Totterdown. Unlike many estate agents and brokerage sites we do not charge firms a fee if you appoint them for your property ownership legalities in Totterdown

My partner has recommend that I instruct his conveyancers in Totterdown. Should I use them?

Much as we are happy to recommend a Totterdown conveyancing lawyer the best way to choose a conveyancing lawyer is to have feedback from friends or family who have actually previously instructed the firm you're are thinking of instructing.

I am a negotiator for a long established estate agent office in Totterdown where we see a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Totterdown conveyancing firms. Could you confirm whether the owner of a flat can initiate the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I own a 1 bedroom flat in Totterdown, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Totterdown with an extended lease are worth £216,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2092

With just 68 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 plus costs.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.