Can I use your services to find a Conveyancing solicitor in Radstock even if I’m not purchasing or disposing of a house, for example if I intend to acquire an office in Radstock with a mortgage from Skipton Building Society?
Our comparison service is mainly there to select domestic conveyancing solicitors in Radstock but we have listed towards the bottom of this page a selection of Radstock commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they can also act for Skipton Building Society
It has been 4 months since my purchase conveyancing in Radstock took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Radstock differ for newly converted properties?
Most buyers of new build residence in Radstock approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Radstock typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Radstock or who has acted in the same development.
I have been advised by a number of property agents in Radstock to locate a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to offer your services over alternative conveyancing organisations?
We refuse to offer any commission for directing people to this site. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I've recently bought a leasehold property in Radstock. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner 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 be sure 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).
Radstock Leasehold Conveyancing - Sample of Queries before Purchasing
-
Does the lease include onerous restrictions? Where a Radstock lease has fewer than eighty years it will impact the value of the apartment. It is worth checking with your lender that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely need a lease extension sooner rather than later and it is worth finding out how much this will be. Remember, in most cases you will need to own the residence for two years before you are entitled to carry out a lease extension. Many Radstock leasehold apartments will be liable to pay a service bill for the upkeep of the building invoiced by the management company. If you buy the flat you will have to meet this charge, normally quarterly throughout the year. This could differ from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a rentcharge to be met yearly, this is usually not a significant sum, say about £25-£75 but you should to enquire as occasionally it could be many hundreds of pounds.
Myself and my partner have recently had an offer accepted on a apartment and had meeting on Wednesday with the Post Office for the mortgage. They advised me that when it comes to choosing a lawyer that if they are not on their approved panel of property lawyers then we will incur an extra charge of £200. This is because they will then have to select a solicitor to act on their behalf as well as the one we appoint on our behalf and we assume responsibility for their costs. I have asked the Post Office to send me with a list so I can request quotes only from their approved solicitors but was told that I need to check with each individual solicitor to see if they are on the panel. Is there a list online?
You should ask the Post Office what their criteria for joining their panel is for a solicitor.Then ask the conveyancing practitioner of your choice whether they meet the criteria and have they acted on loans for the Post Office historically. If the answer to those is yes, then just clarify this with the Post Office. Alternatively please utilise our search tool and we should be able to identify a conveyancer in Radstock on the approved list for the Post Office.