We are a couple about to exchange contracts for a garden flat in Bristol. We have hit a problem. The loan offer with Lloyds TSB Bank runs out on 21/8/2025 but the owners are insisting on a completion date of 26/8/2025. Can one prolong the loan expiry date?
The person best placed to address this concern is your solicitors who is in a position to calculate if he or she is should be discussing with the mortgage broker, owner’s solicitors, estate agents or indeed all parties based on what has happend in your conveyancing as of today.
Can your site be used to locate a Conveyancing solicitor in Bristol even if I’m not purchasing or selling a house, for example if I want to buy an office in Bristol with a mortgage from Santander?
Our comparison service is predominantly used to help choose domestic conveyancing solicitors in Bristol but we have recorded towards the end of this page a selection of Bristol commercial conveyancing firms. You will need to speak with the company directly to check if they are also authorised to represent Santander
We're in Bristol, FTBs purchasing with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I'm buying my first flat in Bristol with the aid of help to buy. The developers refused to move on the amount so I negotiated 6k of additionals instead. The property agent advised me not reveal to my conveyancer about the side-deal as it could put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Planning to sign contracts shortly on a studio apartment in Bristol. Conveyancing solicitors have said that they report fully within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Bristol should include some of the following:
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specifics of the parties to the lease, for instance these could be the (you), superior lessor, landlord Who has the liability for repairing the window frames Does the lease require carpeting throughout thus preventing wood flooring? Are pets allowed in the flat? It needs to be made clear to you whether the lease permits you to change or improve aspects of the premises- you must be made aware as to whether it relates to all alterations or just structural alteration, and whether permission is mandated necessary
Bristol Leasehold Conveyancing - Examples of Queries before buying
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You should want to find out as much as possible about the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to every day matters such as the tidiness of the common parts. Ask prospective neighbours what they think of their service. Finally, find out the dates that you are obliged pay the maintenance charge to the managing agents and precisely how they are spending the funds. What is the annual maintenance fee and ground rent? If a Bristol lease has less than eighty years it will have adverse implications on the salability of the apartment. Check with your lender that they are happy with the length of the lease. A short lease means that you will almost definitely have to extend the lease at some point and it is worth discovering how much this would cost. For most Bristollease extensions you will need to own the residence for 24 months before you are entitled to extend the lease.
Been reading online that Bristol solicitors are more expensive than licensed conveyancers in Bristol when it comes to buying a house. Am I better off using a conveyancer or a solicitor if I am buying for my home move in Bristol.
When it comes to conveyancing in Bristol the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.