I went with a high street firm for our conveyancing in Cotswolds last week. After carefully reading the Terms and Conditions it is apparent thatI am on the hook for charges even if the movefalls through. Would I be best advised to use an internet solicitor practice promising no move no charge conveyancing in Cotswolds?
Generally there is a concession along the lines that if "No Sale No Fee" is offered then the fee levels will generally be higher to offset the conveyances that do not proceed. Do bear in mind that such offerings generally do not cover outlay for instance Cotswolds conveyancing search charges.
What is the first thing I need to know about purchase conveyancing in Cotswolds?
Not many law firms or advisers will tell you this but conveyancing in Cotswolds and elsewhere in Gloucestershire is an adversarial process. Put another way, when it comes to conveyancing there is lots of room for conflict between you and other parties involved in the legal transfer of property. For instance, the seller, selling agent and sometimes a bank. Appointing a law firm for your conveyancing in Cotswolds is a critical decision as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to protect your legal interests and to protect you.
There is a worrying increase in the "blame" culture- someone must be blamed for the process being so protracted. We recommend that you must always trust your solicitor ahead of the other parties when it comes to the legal assignment of property.
My wife and I purchased a 4 bedroom Victorian property in Cotswolds. Conveyancing lawyer acted for me and Leeds Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cotswolds and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing practitioner who conducted the work.
We're novice buyers - had an offer accepted, yet the estate agent advised that the owners will only go ahead if we appoint their chosen solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Cotswolds
It is highly unlikely the vendors are driving this. Should the vendor desire ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they understand (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you will continue to instruct your preferred Cotswolds conveyancing firm - not the ones that will earn their estate agent a kickback or achieve conveyancing thresholds demanded by corporate headquarters.
My wife and I purchased a leasehold flat in Cotswolds. Conveyancing and Bank of Scotland mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Cotswolds who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Cotswolds conveyancing firm to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a 1st floor flat in Cotswolds, conveyancing having been completed March 2010. How much will my lease extension cost? Comparable flats in Cotswolds with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease comes to an end on 21st October 2091
With only 66 years remaining on your lease we estimate the price of your lease extension to be between £11,400 and £13,200 plus legals.
The figure that we have given is a general guide to costs for extending 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 may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.
My mum and dad are unable to locate their Cotswolds property on the HMLR site. They have a vague recollection 48 years ago when they bought the house there were complications concerning the address not being recognised in some systems.
Almost all premises in Cotswolds should appear. Have you attempted a search with just the postcode. Ordinarily it will disclose all the residences within the postcode. Assuming the property is registered it will show up with a title number. Where they bought back in the 60’s it's conceivable it may be unrecorded. The property could still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s mortgage company.