We are about to exchange on the purchase of a house in Shirehampton but as a consequence of wreckage from the recent storms I have managed to agree compensation from the current proprietors in the sum of three thousand pounds taking the form of a deduction in the price. This was going to be dealt with as part of amending the contract yet Principality will not agree to this. Why were they informed?
Your property lawyer being on a Principality conveyancing panel is obliged to disclose to Principality of any amendments to the purchase price. If you prohibit your property lawyer to notify the reduction to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new property lawyer for your conveyancing in Shirehampton.
Can your site be used to locate a Conveyancing solicitor in Shirehampton even if I’m not buying or disposing of a house, for instance where I wish to buy a shop in Shirehampton with a mortgage from Godiva Mortgages Ltd?
Our search tool is predominantly used to find residential conveyancing solicitors in Shirehampton but we have listed towards the bottom of this page some Shirehampton commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they can also act for Godiva Mortgages Ltd
I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to instruct a Shirehampton based conveyancing firm?
You should check but the the probability is that allocate you one of their panel solicitors should you accept the "fee-free" deal. Contact the lender and check if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Shirehampton.
What is the difference between a licensed conveyancer and conveyancing solicitor in Shirehampton
Two types of professional can execute conveyancing in Shirehampton namely licenced conveyancers or solicitors. The two can administer the legal services that you need to complete the disposal or acquisition of property. Both are obliged to carry out Shirehampton conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that all requisite steps should be accurately followed.
I'm the single recipient of my late mum's estate with all property in now in my sole name, including the house in Shirehampton. Conveyancing formalities meant that the Land Registry date was in May. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as though I had purchased the house in May. Will no one buy the property for half a year?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. How sensible a view banks take of it, depend on the lender as this requirement is principally there to pick up on subsales or the quick reselling of properties.
I have paid off my mortgage with Nottingham. I assume I don't need a Shirehampton lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I am buying a new build flat in Shirehampton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Shirehampton
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Please confirm the Lease plans are architect prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan.
We own a leasehold flat in Shirehampton. Conveyancing was finished in 2009. I have been told that I should not let the lease length fall too low. Is this right?
Shirehampton leasehold properties are for a fixed period - usually just under one hundred years when they started. However many appartments in Shirehampton were constructed or converted 35 or more years ago and so such leases now have under 80 years left to run. This may sound like plenty of time but Banks, Building Societies and other mortgage companies on the whole need leases to have a minimum of seventy five years left to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are approaching 75 years. To increase your property value you should be considering whether or not to extend your lease well in advance of selling the property. There are also advantages to taking action before the lease reaches even 80 years as when the lease falls below 80 years the premium you have to pay to extend starts to increase.