I am in the throes of changing my domestic mortgage to a BTL Chelsea Building Society mortgage. The bank has said that I must appoint a solicitor as part of the process. I spoke to the same Bedminster conveyancing practitioner who acted on my behalf when I initially bought the premises. The quote supplied of £470 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The estimate fees are a tad high. Where you are happy to spend time contrasting charges you may be able to reduce the fees slightly by as much as £125. On the other hand, providing that you were satisfied with the service the firm offered you mightlive to regret opting for an an unknown lawyer. Remember to be sure that the solicitor can represent Chelsea Building Society. You can make use of our search tool to choose a Bedminster conveyancing firm on the Chelsea Building Society member panel, which can often include conveyancing solicitors in Bedminster.
Last September we completed a house move in Bedminster. We have since encountered a number of problems with the house which we believe were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that needed to have been ordered as part of conveyancing in Bedminster?
The query is not clear as to the nature of the problems and if they are specific to conveyancing in Bedminster. Conveyancing searches and investigations undertaken during the buying process are carried out to help avoid problems. As part of the process, a seller answers a form known as a SPIF. answers is misleading, you may have a misrepresentation claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Bedminster.
I am remortgaging my home in Bedminster, does my lawyer have to be on the Coventry BS Conveyancing panel?
There is nothing to stop you using your solicitor, but Coventry BS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
How does conveyancing in Bedminster differ for new build properties?
Most buyers of new build property in Bedminster come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Bedminster tend to acquire the real estate, 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 conveyancers 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 Bedminster or who has acted in the same development.
Taking into account that I will soon part with hundreds of thousands of pounds on a two bedroom apartment in Bedminster I would like to talk to a conveyancer concerning thehouse move ahead of instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your property ownership legalities in Bedminster.There is no ‘factory style conveyancing’ - each client is unique person, not a file reference. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Bedminster should be the amount on the final invoice that you are charged.
I've found a house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Bedminster. Conveyancing advisers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Bedminster ?
Most houses in Bedminster are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are buying in Bedminster in which case you should be looking for a Bedminster conveyancing solicitor and check that they are used to advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your conveyancer should advise you fully on all the issues.
I own a garden flat in Bedminster, conveyancing formalities finalised May 1995. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Bedminster with an extended lease are worth £192,000. The ground rent is £55 levied per year. The lease terminates on 21st October 2079
With just 54 years unexpired the likely cost is going to range between £32,300 and £37,400 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.