We are due to exchange on the purchase of a property in Frampton Cotterell but as a result of wreckage from the recent storms I have managed to agree reparation from the vendor in the sum of £2k by way of a reduction in the price. This was going to be dealt with as part of the conveyancing process however Co-operative will not permit this. Why were they notified?
The solicitor that is on a Co-operative approved list is required to inform Co-operative of any changes to the purchase price. If you were to refuse your solicitor to disclose the price change to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new conveyancing practitioner for your conveyancing in Frampton Cotterell.
Having sold my house in Frampton Cotterell last September yet the purchaser is whats apping every few hours complaining that their lawyer needs to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your disposal your lawyer should forward the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer should also confirm that the mortgage has been redeemed to the purchasers conveyancers. There are no post completion formalities specific conveyancing in Frampton Cotterell.
My wife and I are buying a property in Frampton Cotterell. It might be a silly question but how we can trust a lawyer? At some point we have to put funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I recently had an offer accepted on a house in Frampton Cotterell. My mortgage broker pressured me to appoint their solicitor. I paid an on account payment of £175. A couple of days later, the solicitor contacted me to say that they were not on the Yorkshire BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Yorkshire BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
At last I have had an offer on a flat in Frampton Cotterell agreed to, the owners do nevertheless have an associated purchase. The vendors have offered on a flat, but it’s not been accepted yet, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Frampton Cotterell. What do I do now? At what point do I apply for the mortgage with Coventry BS?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then valuation, Frampton Cotterell conveyancing search costs, etc). The first course of action is to ensure that your property lawyer is on the Coventry BS approved list. Concerning the next steps this very much depends on the specifics of your transaction, attraction to the property and on the state of the market. During a buoyant market many home buyers will apply for a home loan with Coventry BS and arrange for the valuation and only if it was satisfactory would they request their conveyancing practitioner to proceed with the conveyancing in Frampton Cotterell.
About to purchase a new build apartment in Frampton Cotterell. Conveyancing is daunting 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 conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Frampton Cotterell
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared. 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.
Taking into account that I will soon spend £400,000 on 3 bedroom house in Frampton Cotterell I wish to have a conversation with the conveyancer regarding thehome move prior to appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer who will be doing your property ownership legalities in Frampton Cotterell.There is no ‘factory style conveyancing’ - each client is unique individual, not a matter number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Frampton Cotterell should be the figure that you are charged.
I am in need of some leasehold conveyancing in Frampton Cotterell. Before I get started I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Frampton Cotterell - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a ground floor flat in Frampton Cotterell, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Frampton Cotterell with over 90 years remaining are worth £260,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2101
You have 75 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.