I have been told that property searches are the number one cause of obstruction in Bristol house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Bristol.
I am buying a new build apartment in Bristol. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Bristol
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I was pointed in your direction by a number of property agents in Bristol to locate a solicitor on your site. Is there a financial upside for Estate Agents to market your lawyers over and above alternative conveyancing organisations?
We refuse to give any commission for sending work our way. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I need to instruct a conveyancing solicitor for my conveyancing in Bristol. I've land on a web site which looks to be the ideal answer If there is a chance to get all the legals completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you provide any top tips for leasehold conveyancing in Bristol with the intention of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Bristol can be avoided where you appoint lawyers the minute your agents start marketing the property and ask them to put together the leasehold documentation needed by the purchasers’ conveyancers. The majority of landlords or managing agents in Bristol levy fees for providing management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management information sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Bristol. If you have carried out any alterations to the residence would they have required Landlord’s approval? Have you, for example installed wooden flooring? Bristol leases often stipulate that internal structural alterations or installing wooden flooring calls for a licence from the Landlord approving such alterations. If you fail to have the consents in place you should not communicate with the landlord without checking with your solicitor first. If you are supposed to have a share in the Management Company, you should ensure that you hold the original share document. Obtaining a re-issued share certificate is often a time consuming process and delays many a Bristol home move. If a duplicate share certificate is needed, you should approach the company officers or managing agents (if relevant) for this sooner rather than later.
Bristol Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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How many of the leaseholders are in arrears for their service charge payments? The prefered form of lease arrangement is where the freehold interest is owned by the leaseholders. In this situation the tenants have being in charge if their destiny and notwithstanding that a managing agent is frequently employed if it is larger than a house conversion, the managing agent employed by the leaseholders. Is anyone aware of any major works in the planning that will likely increase the service fees?
My wife and I are looking at buying our first property in Bristol. Is it possible for you to suggest a good Bristol conveyancing practitioner that will help us as well as act for Aldermore?
The purpose of this site is limited to being a directory service for conveyancing practitioners who wish to be listed as being on the approved conveyancing panel for Aldermore in certain locations such as Bristol . Our intention is not to recommend any specific solicitor.