IfI were to purchase a simple residential propertyin Bath for cash and dispense with a survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Bath?
Any savings you would gain would be limited to the Bath conveyancing searches. A lawyer still got to do everything else - money laundering, liaising with your sellers lawyer, stamp duty submission, register the ownership etc. A slight saving might be made by not having to register a charge however it will not be significant.
Do I need to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Bath so that I can attend their offices if required.
Whereas this was necessary 12 years ago, the vast majority mortgage companies no longer need their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to supply ID documents and there are still manifest advantages to choosing a locally based solicitor, in your situation a conveyancing solicitor in Bath.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bath. Conveyancing is a frightening process 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 questions that you can expect your new-build leasehold conveyancing in Bath
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I decided to have a survey carried out on a property in Bath prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some lenders may refuse to give a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bath to see if the conveyancing costs will increase in light of this.
I am in need of some leasehold conveyancing in Bath. Before diving in I want to be sure as to the unexpired term of the lease.
If the lease is registered - and most are in Bath - then the leasehold title will always include the basic details 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.
I purchased a 1 bedroom flat in Bath, conveyancing formalities finalised February 2010. Can you work out an approximate cost of a lease extension? Corresponding properties in Bath with over 90 years remaining are worth £196,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease finishes on 21st October 2089
You have 64 years unexpired the likely cost is going to range between £15,200 and £17,600 as well as 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 without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
I have read on numerous consumer advice websites that before choosing a conveyancing lawyer they need approved by your mortgage company. It happens to be my first home move but I have an AIP via Santander and I already have a high street conveyancing solicitor in Bath lined up. Will Santander insist on an approved conveyancer to be selected? Does a list of panel solicitors even exist so I can pick a conveyancing solicitor in Bath?
You should use a solicitor that is on the Santander panel. Simply ring your preferred Bath conveyancing lawyer to check if they are on the Santander panel. If they are not approved you have numerous choices available to you here:
- Complete the purchase with your preferred Bath conveyancing practitioner but Santander will undoubtedly retain a conveyancing practitioner from their approved list. The net result is additional fees and likely frustration.
- Get a new solicitor to conduct the conveyancing, not forgetting to check that they are on the Santander conveyancing panel.
- Appeal to your conveyancer to apply to join the mortgage company panel.