Can the conveyancing solicitors that you recommend carry out auction conveyancing in Thornbury?
We know of a number of auction practitioners we can put you in touch with those specialising in auction conveyancing. Thornbury is one of hundreds of areas of in which our lawyers are based.
In what way does my ID and proof of funds have anything to do with my conveyancing in Thornbury? Why is this being asked of me?
Thornbury conveyancing solicitors as well as nationwide property lawyers throughout the UK have an obligation under money laundering regulations to verify the ID of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also necessary under the money laundering statutes as conveyancers are required to check that the monies you are using to acquire a property (whether it be the deposit for exchange or the total purchase amount if you are a cash purchaser) has come from legitimate source (such as employment savings) as opposed to the proceeds of illegitimate activity.
I am assisting my sister sell her property in Thornbury. Does the solicitor order the energy assessment or do I organise this?
Following the abolition of Home Information Packs, EPC’s was kept a required part of moving house. An energy performance certificate needs to be commissioned in advance of the property being placed on the market. It is not as aspect of the sale process that conveyancers normally organise. Where you are instructing a Thornbury conveyancing practitioner they may be willing to arrange energy assessments due to their contacts with reputable Thornbury energy assessors
How can we tell if a Thornbury conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Thornbury seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your conveyancing.
We have a mortgage agreed in principle with Leeds Building Society. Thornbury conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from Leeds Building Society?
There is no definitive answer here. Have Leeds Building Society done the survey? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Thornbury is the location of the property. Is there any guidance you can give?
Flying freeholds in Thornbury are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Thornbury you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thornbury 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.
Back In 2009, I bought a leasehold house in Thornbury. Conveyancing and Clydesdale mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Thornbury who previously acted has now retired. Do I pay?
First make enquiries of HMLR to be sure that this person is in fact the new freeholder. It is not necessary to incur the fees of a Thornbury conveyancing solicitor to do this as it can be done on-line for £3. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a garden flat in Thornbury, conveyancing was carried out April 2005. How much will my lease extension cost? Comparable properties in Thornbury with a long lease are worth £260,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease expires on 21st October 2100
You have 74 years left to run the likely cost is going to range between £8,600 and £9,800 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
Whilst your website is a good idea there are many lawyers listed near Thornbury being on the bank conveyancing panel. Can you recommend a specific firm on the lender approved panel?
We do not recommend specific Thornbury firms as the right Thornbury conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Thornbury knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..