When researching mumsnet.com for a cheap lawyer in Bubwith, many post that I should use a CQS kitemarked lawyer. Can you explain what CQS is?
Bubwith Conveyancing Quality Scheme solicitors have been granted certification by the law Society CQS was brought about to establish evidence of quality standards in the home buying process. CQS enables buyers and sellers to identify practices that provide a quality residential conveyancing. Bubwith is one of the many areas in England and Wales in which accredited firms are based. The conveyancing scheme obliges law firms to undergo a strict assessment, compulsory training, self-certification, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Legal Ombudsman.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Bubwith. Do I pick up the keys to the property on completion from my conveyancer? If this is the case, I will instruct a local conveyancing solicitor in Bubwith?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be able to pick up the keys from the property Agents and start moving into the property. Usually this happens early afternoon.
We are getting the release of further monies on our mortgage from Kent Reliance as we wish to conduct alterations to our property in Bubwith. Are we obliged to select a nearby Bubwith solicitor on the Kent Reliance conveyancing panel to deal with the legals?
Kent Reliance do not ordinarily require firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance list.
The mortgage over my property is with UBS for my property in Bubwith. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?
UBS must be informed of your intention before renting your property as this is likely to be a breach of UBS’s mortgage conditions. It may be that UBS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. You need not do this via a UBS conveyancing panel firm.
I am purchasing a new build house in Bubwith with a loan from Bank of Ireland. The developers would not move on the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not disclose to my solicitor about this deal as it would adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
How do I identify a Bubwith solicitor on the Lloyds TSB Bank conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the lawyer.
Feel free to make use of the facility on this page. Please pick a mortgage company and your location and you will see a number of Bubwith conveyancing lawyers locally. We have detailed some Bubwith conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Lloyds TSB Bank member panel
Should I instruct a Bubwith conveyancing practitioner based in the location that I am hoping to buy? I have an old university friend who can handle the legal work however her office is 400kilometers away.
The benefit of a local Bubwith conveyancing practice is that you can attend the office to sign documents, present your identification documents and pester them if necessary. They will also have local knowledge which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and the majority were content that should outweigh using an unknown Bubwith conveyancing lawyer just because they are based in the area.
I have just appointed agents to market my ground floor apartment in Bubwith. Conveyancing has not commenced, however I have just received a half-yearly maintenance charge demand – Do I pay up?
The sensible thing to do is pay the invoice as you normally would as all ground rent and service charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a split level flat in Bubwith, conveyancing having been completed May 2001. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Bubwith with a long lease are worth £265,000. The ground rent is £50 levied per year. The lease ends on 21st October 2102
With 76 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.