I have a decision in principle. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to use a Bishopsworth based conveyancing firm?
You should check but the chances are that give you one of their panel solicitors where you take up the "fee-free" offer. Contact the mortgage company and explore if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Bishopsworth.
I am the only recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Bishopsworth. The Bishopsworth property was put into my name in August. I want to move. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be considered the same way as if I'd bought the house in August. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How practical a view mortgage companies take of it, depend on the bank as this obligation is primarily there to pick up on subsales or the flipping of property.
I am purchasing a property in Bishopsworth. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that your lender is HSBC your lawyer must follow the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancers are required to report to HSBC where a lease does not meet these specifications. The provisions relate to the installation of panels on properties nationwide and is not limited to Bishopsworth.
Principality have agreed my home loan in principle, my bid on a flat in Bishopsworth has been agreed to, now what?
The property agent will want to know who your solicitors are (make sure the conveyancers are on the bank’s panel). Call up Principality or your broker and finish off any relevant forms. Principality will sellect a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. Principality will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bishopsworth.
three months have elapsed following my purchase conveyancing in Bishopsworth completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the advice of my in-laws I had a survey completed on a house in Bishopsworth in advance of appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some banks tend not grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bishopsworth. Conveyancing will be smoother if you use a solicitor in Bishopsworth especially if they are accustomed to such properties in Bishopsworth.
My business partner and I are wishing to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Bishopsworth for less than £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Bishopsworth, including the disposal and acquisition of businesses as well as simply property. Whether you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. As for the fees these will vary based on the structure and heads of terms of the deal. Let us have your contact information or telephone so as to enable us to supply you with a fixed commercial conveyancing quote.
My wife and I purchased a leasehold flat in Bishopsworth. Conveyancing and HSBC Bank mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Bishopsworth who previously acted has long since retired. What should I do?
First contact HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Bishopsworth conveyancing firm to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Bishopsworth Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing
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What restrictions are contained in the Bishopsworth Lease? The majority of Bishopsworth leasehold flats will be liable to pay a service charge for maintenance of the block levied by the freeholder. Should you acquire the property you will have to pay this amount, normally in instalments accross the year. This could vary from a few hundred pounds to thousands of pounds for blocks with lifts and large communal areas. In all probability there will be a ground rent for you to pay yearly, this is usually not a exorbitant sum, say approximately £25-£75 but you should to enquire as occasionally it can be surprisingly expensive.