We instructed a Sea Mills based solicitor for my conveyancing in Sea Mills recently. Reviewing the Ts and Cs I seeI am liable for costs even where the transaction does not complete. Should I ditch them and select a web based lawyer offering no completion no charge conveyancing in Sea Mills?
Generally there is a concession along the lines that if "No Completion No Fee" is advertised then the fee levels will generally be higher to cover the transactions that do not proceed. You should be mindful that these promotions generally do not protect you from disbursements such your Sea Mills conveyancing search costs.
I own a freehold residence in Sea Mills yet invoiced for rent, why is this and what is this?
It is rare for properties in Sea Mills and has limited impact for conveyancing in Sea Mills 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am purchasing my first flat in Sea Mills with a loan from Halifax. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about this extras as it may put at risk my loan with Halifax. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Sea Mills is where the house is located. What do you suggest?
Flying freeholds in Sea Mills are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sea Mills you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sea Mills 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.
My company is planning to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no charges for commercial conveyancing in Sea Mills for below £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Sea Mills, including the sale and acquisition of businesses as well as simply property. Whether you are looking to purchase or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. As for the charges these will vary based on the structure and nuances of the deal. Let us have your details or call us so that we can provide you with comprehensive commercial conveyancing calculation.
Should I instruct a Sea Mills conveyancing lawyer in close proximity to the house I am purchasing? An old friend can execute the conveyancing however they are based over three hundred miles away.
The primary upside of using a local Sea Mills conveyancing practice is that you can attend the office to sign paperwork, hand in your ID and pester them where appropriate. Having local Sea Mills know how is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and in the main were impressed that should outweigh using an unknown Sea Mills conveyancing lawyer solely due to them being Sea Mills based.