My financial adviser requires my Chipping Sodbury law firm’s panel reference for the Santander conveyancing panel. Can you suggest how I discover this. I have contacted my local Chipping Sodbury branch but they have not responded to me.
Have you tried speaking to your Chipping Sodbury lawyer about this?. They maintain a central record lender panel numbers.
I own a freehold property in Chipping Sodbury but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Chipping Sodbury and has limited impact for conveyancing in Chipping Sodbury 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
How does conveyancing in Chipping Sodbury differ for newly converted properties?
Most buyers of new build property in Chipping Sodbury approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Chipping Sodbury typically acquire the real estate, 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 accustomed to new build conveyancing in Chipping Sodbury or who has acted in the same development.
I am looking for a ground for flat up to £245,000 and found one near me in Chipping Sodbury I like with a park and station in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Chipping Sodbury for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Chipping Sodbury. I happened to discover a site which appears to be the ideal offering If it is possible to get all the legals completed via phone that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Why is it not possible to complete my conveyancing in Chipping Sodbury on a public holiday?
Because on completion the sale price needs to be transferred electronically between the banks of the buyer and owner’s conveyancing practitioner and at present this can only happen on a business day. It is not possible to complete on a weekend either.