Do the conveyancing lawyers Indexed on your site execute auction conveyancing in Bishopsworth?
There are a few niche lawyers we can put you in touch with those who can conduct auction conveyancing. Bishopsworth is just one of the many areas of in which our lawyers are based.
I just acquired a house at auction in Bishopsworth. Conveyancing is needed. What are my next steps?
Now that you have legally committed yourself to purchase you must choose a conveyancing solicitor soon as you now have a pending deadline in which to complete the property. Every auction property will ordinarily have a bespoke legal set of papers. This should include evidence of title and search results. If you have purchased leasehold property the auction papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must pass this on to the conveyancer working for you ASAP. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Bishopsworth solicitor on the Yorkshire BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
I had an offer accepted on a house in Bishopsworth on 21/1/2025, valuation was booked 3 days later, all came back fine. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to RBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the RBS conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
What will a local search reveal about the property I am purchasing in Bishopsworth?
Bishopsworth conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search is essential in every Bishopsworth conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
How can the Landlord & Tenant Act 1954 affect my commercial property in Bishopsworth and how can your lawyers assist?
The particular law that you refer to affords a safeguard to commercial lessees, granting the dueness to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Bishopsworth
I am tempted by the attractive purchase price for a two maisonettes in Bishopsworth which have about fifty years left on the leases. Will this present a problem?
There are no two ways about it. A leasehold flat in Bishopsworth is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. The majority of purchasers and banks, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bishopsworth conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I acquired a 2 bed flat in Bishopsworth, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Equivalent properties in Bishopsworth with a long lease are worth £216,000. The ground rent is £50 per annum. The lease ends on 21st October 2094
You have 69 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
My father-in-law mentioned that when choosing a conveyancing solicitors they must be approved by your mortgage company. I am new to the process but I have an AIP from Nat West Bank and I already have a bricks and morter conveyancing solicitor in Bishopsworth lined up. Does Santander require an approved solicitor to be used? Does a directory of panel solicitors even exist for my conveyancing in Bishopsworth?
You need to use a solicitor that is on the Santander panel. Just call your chosen Bishopsworth conveyancing lawyer to check if they are on the Santander panel. If they are not on the panel you have a number of options open to you here:
- Complete the purchase with your preferred Bishopsworth conveyancer but Santander will need to instruct a conveyancer on their approved panel. The net impact is additional cost and probable frustration.
- Choose a fresh lawyer to act in the purchase, obviously checking they are on the Santander conveyancing panel.
- Convince your lawyer to do everything within their powers to get accepted on the Santander panel of solicitors.