Can your site be used to locate a Conveyancing solicitor in Potswood even if I’m not purchasing or disposing of a house, for instance if I want to acquire an office in Potswood with a loan from The Royal Bank of Scotland?
Our comparison service is predominantly used to locate residential conveyancing solicitors in Potswood but we have listed at the bottom of this page a few Potswood commercial conveyancing firms. You will need to speak with the solicitors directly to see if they can also act for The Royal Bank of Scotland
What is the difference between a licensed conveyancer and conveyancing solicitor in Potswood
There are two types of lawyers who can conduct conveyancing in Potswood namely CLC regulated conveyancers or solicitors. The two can provide the legal services that you need to complete the sale or acquisition of property. They are both required to handle Potswood conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be properly administered and that all requisite steps will be accurately followed.
We previously appointed conveyancers with offices in Potswood on the RBS solicitor panel. They have just invoiced me a separate amount for dealing with the RBS mortgage. Is this a supplemental conveyancing fee set by RBS?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancer may levy a fee for this. This fee is not set by RBS but by your Potswood lawyer. Plenty of firms on the RBS panel will charge ’dealing with mortgage’ fee but many firms include it on their overall fee.
I am purchasing a property in Potswood. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender RBS be concerned?
As you are obtaining a mortgage with RBS your lawyer must comply with the formal instructions outlined in Section two of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and conveyancers are required to report to RBS where a lease fails to satisfy these conditions. The provisions relate to the installation of panels on properties countrywide and is not limited to Potswood.
Do commercial conveyancing searches reveal proposed roadworks that could affect a commercial premises in Potswood?
Its becoming the norm that commercial conveyancing solicitors in Potswood will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Potswood. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Potswood.
For every commercial conveyancing transaction in Potswood it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Potswood commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Potswood.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Potswood is the location of the property. Can you offer any advice?
Flying freeholds in Potswood are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Potswood you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Potswood may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Am I better off to use a Potswood conveyancing solicitor in close proximity to the house I am buying? An old friend can execute the conveyancing but her office is a couple of hundredkilometers away.
The primary upside of using a local Potswood conveyancing firm is that you can attend the office to execute paperwork, deliver your ID and pester them if necessary. Having local Potswood know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and they were content that must outweigh using an unfamiliar Potswood conveyancing solicitor solely due to them being round the corner.
I've recently bought a leasehold flat in Potswood. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a basement flat in Potswood, conveyancing having been completed 4 years ago. How much will my lease extension cost? Equivalent properties in Potswood with a long lease are worth £211,000. The ground rent is £45 charged once a year. The lease finishes on 21st October 2092
You have 67 years left to run the likely cost is going to be between £10,500 and £12,000 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.