Finally the sale completed on my house in Hotwells last February but my buyer keeps Skype messaging me complaining that their conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
Following your house sale your conveyancer is duty bound to forward the transfer deeds and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There are no post completion steps peculiar conveyancing in Hotwells.
I am about to put a bid on a leasehold apartment in Hotwells. The estate agents tell me that it is standard for flats in Hotwells to have less than 75 years unexpired on the lease. I am expecting a loan with Chelsea Building Society. Will the property be mortgageable given that the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 31/5/2025 the requirements read as follows :
This question may be naive but I am wet behind the ears as a first time purchaser of a garden flat in Hotwells. Do I receive the keys to the premises on completion from my lawyer? If this is the case, I will use a High Street conveyancing solicitor in Hotwells?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the purchase money to the seller's lawyers, and once they have received this, you should be invited to collect the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
I am expecting a AIP from Kent Reliance 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 Kent Reliance recommend any Hotwells solicitors on the Kent Reliance conveyancing panel, or is it better to go independently?
You will need to appoint Hotwells solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I have decided to exercise my right to buy my property in Hotwells off the council. I have a mortgage offer with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I'm purchasing my first flat in Hotwells with a mortgage from Skipton Building Society. The builders would not reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not to tell my solicitor about this extras as it will impact my mortgage with Skipton Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am looking into buying my first house which is in Hotwells and I am already nervous. I couldn't find anything specific about Hotwells. Conveyancing will be needed in due course but do you know about the Hotwells area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hotwells. In the meantime here are some basic statistics that we found
I own a leasehold house in Hotwells. Conveyancing and Birmingham Midshires mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Hotwells who previously acted has long since retired. Any advice?
The first thing you should do is contact the Land Registry to make sure that this person is in fact the new freeholder. It is not necessary to instruct a Hotwells conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a leasehold flat in Hotwells, conveyancing formalities finalised in 2011. 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? Similar flats in Hotwells with an extended lease are worth £260,000. The ground rent is £50 yearly. The lease ceases on 21st October 2100
With 75 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 plus costs.
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 due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously 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.