We are a couple about to sign contracts for a garden flat in Brislington. We encountered a stumbling block. Our loan offer with Bank of Scotland runs out on 8/5/2025 but the owners are insisting on a completion date of 12/5/2025. Can one prolong the mortgage offer?
The best person to address this issue is your conveyancer who will assess if he or she is should be discussing with the bank, seller’s lawyers, property agents or possibly all parties taking into account the history of your house move as of today.
My husband and I are purchasing a newbuild flat in Brislington with a mortgage from Platform Home Loans Ltd.We use our Brislington conveyancing solicitor but Platform Home Loans Ltd informed us her practice is not listed on their approved list of member firms. It seems we have no choice but to instruct a Platform Home Loans Ltd panel firm or keep our local solicitor and fork out for a Platform Home Loans Ltd panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The loan issued to you contains terms and conditions, one of which will be that lawyers will be on the Platform Home Loans Ltd approved list. in the past, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
My uncle advised me that in buying a property in Brislington there could be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Brislington which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Brislington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm the sole beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Brislington. The Brislington property was put into my name in February. I plan to dispose of the house. I understand that there is a CML six month 'rule', which means that my property ownership may be regarded the same way as if I'd bought the house in February. 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 may be affected by that. How sensible a view lenders take of it, depend on the bank as this provision primarily exists to pick up on subsales or the quick reselling of properties.
Is it correct that all Brislington CQS (Conveyancing Quality Scheme) solicitors are on the RBS conveyancing list of approved solicitors?
A selection of banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
What can a local search tell me regarding the house I am purchasing in Brislington?
Brislington conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company such as Searches UK The local search plays a central role in many a Brislington conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications applicable 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 subject headings.
In my capacity as executor for the estate of my uncle I am disposing of a house in Swansea but live in Brislington. My conveyancer (approximately 235 kilometers from mehas requested that I execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Brislington to attest this legal document for me?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Brislington
I am attracted to a couple of apartments in Brislington both have in the region of fifty years remaining on the leases. Will this present a problem?
There are plenty of short leases in Brislington. The lease is a right to use the premises for a period of time. As a lease shortens the saleability of the lease decreases and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease extension can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this area.
I inherited a 1 bedroom flat in Brislington, conveyancing formalities finalised 3 years ago. How much will my lease extension cost? Equivalent flats in Brislington with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ceases on 21st October 2100
With 75 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.