I am planning to acquire a house and need a conveyancing solicitor in Wells who is on the The Royal Bank of Scotland conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Royal Bank of Scotland in certain locations such as Wells. We dont recommend any particular firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in Wells. 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 legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Wells
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.
I am looking to sell my property. My previous solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Wells if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Wells. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My partner has recommend that I instruct his conveyancing solicitors in Wells. Do I follow his recommendation?
No doubt it’s preferable to choose a conveyancing practitioner is to get guidance from friends or relatives who have used the firm you're are thinking of instructing.
I work for a long established estate agent office in Wells where we see a few leasehold sales jeopardised due to short leases. I have been given contradictory information from local Wells conveyancing firms. Can you shed some light as to whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Wells Leasehold Conveyancing - A selection of Questions you should consider before buying
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Does the lease include onerous restrictions? Is there a share of the freehold? What is the annual service fee and ground rent?
I have just placed an offer on a leasehold flat in Wells and the broker that we are using recommended his conveyancer. She quoted £900 excluding VAT and 3rd party costs. Does this sound reasonable?
You should not rely on a single quote. One should obtain like-for-like quotes for your conveyancing in Wells. Then choose one that you are comfortable with and just as important, is on the approved list of the lender that you have applied for a mortgage from.