Why is leasehold purchase conveyancing in Gloucestershire is more expensive?
Gloucestershire leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We were going to get a AIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Lloyds recommend any Gloucestershire solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Gloucestershire solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I have paid off my mortgage with Bank of Ireland. I assume I don't need a Gloucestershire solicitor on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
After shopping around on the internet I have found a Gloucestershire solicitor having made sure that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Gloucestershire surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I have been on the look out for a flat up to £235,500 and identified one near me in Gloucestershire I like with open areas and transport links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Gloucestershire for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
What tools are available to identify a Gloucestershire solicitor on the Bank of Scotland conveyancing panel? I have a car and am willing to travel upto 10miles to meet the solicitor.
Feel free to make use of the tool on this page. Please choose the bank and your location and you will see a number of Gloucestershire conveyancing lawyers locally. We have listed some Gloucestershire conveyancing firms towards the end of this page and you can ring them to verify whether they are on the Bank of Scotland member panel
I need to appoint a conveyancing solicitor for residential conveyancing in Gloucestershire. I have discover a web site which seems to have the perfect solution If it is possible to get all the legals done via email that would be ideal. Do I need to be wary? What should out be looking out for?
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?
Finally our conveyancing in Gloucestershire is completing on Friday, yet the vendors I am purchasing off wishes to vacate on the Saturday afternoon. Do I agree to this?
In situations where you are having a mortgage then your conveyancer will insist that the property isvacant on Friday - the mortgage company will require it.