Having been referred to your site we were going to go ahead with a conveyancing solicitor in Gloucestershire recommended using your search tool but have come across some other estimates via the web look cheaper – how come?
There are hundreds of solicitors marketing theoretically looks to be cut price. We would urge you to give due consideration about how much you respect your own move to want to take 'cheap' risks with regard to the standard of the conveyancing. Many of them highlight a cheap quote as a headline but plant extra fees in the small print..
My wife and I are about to complete on the purchase of a property in Gloucestershire but as a consequence of damage from a small fire at the property I have managed to agree compensation from the current proprietors of six thousand pounds in the form of a deduction in the price. This was going to be addressed as part of the conveyancing process yet Kent Reliance will not agree to this. Why were they involved?
Any solicitor that is on a Kent Reliance approved list is duty bound to disclose to Kent Reliance of any changes to the purchase price. If you prohibit your property lawyer to disclose the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new solicitor for your conveyancing in Gloucestershire.
I purchased a freehold house in Gloucestershire yet charged rent, why is this and what is this?
It’s unusual for properties in Gloucestershire and has limited impact for conveyancing in Gloucestershire but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Please explain the implications if my lawyer’s firm is suspended from the Barclays Conveyancing panel ahead of completing my conveyancing in Gloucestershire?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I would like to rent out my leasehold apartment in Gloucestershire. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
The lease dictates the relationship between the landlord and you the flat owner; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Gloucestershire do not contain subletting altogether – such a provision would adversely affect the market value the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
I invested in buying a basement flat in Gloucestershire, conveyancing having been completed June 2001. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Gloucestershire with a long lease are worth £190,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2087
With only 61 years unexpired we estimate the premium for your lease extension to range between £19,000 and £22,000 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
Much to my surprise my solicitor in Gloucestershire is asking me for personal identification documents asserting that this forms part of his legal duty as a conveyancer on the bank Conveyancing panel. Can this be correct?
Anti-terror and anti-money-laundering rules require Gloucestershire conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the mortgage company's UK Finance Lenders’ Handbook requirements