At what point can the exchange of contracts occur in purchase conveyancing in Kingswood and do I need to be at the solicitors office?
Where you are round the corner to one of the conveyancing solicitors in Kingswood you are invited in to sign contracts. However, the firms we recommend provide countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you by post or email. The executing of the contract is not the critical part. Signing on the dotted line simply enables the conveyancer to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Kingswood)to be in the office available at the end of the phone to exchange contracts.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Kingswood. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/9/2020, the requirements read as follows :
A colleague advised me that where I am buying in Kingswood I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Kingswood conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Kingswood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Kingswood Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Kingswood Education with plans and statistics, Local Amenities and other useful information concerning Kingswood.
The deeds to my property can not be found. The lawyers who handled the conveyancing in Kingswood 4 years ago are no longer around. What do I do?
You no longer need to have the physical deeds to evidence that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
Taking into account that I am about to spend over three hundred thousand on a two bedroom apartment in Kingswood I would like to have a conversation with the conveyancer about myhome move ahead of instructing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer due to be conducting your property ownership legalities in Kingswood.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The solicitors that we put you in touch with believe that the figure you are provided with for your conveyancing in Kingswood should be the figure that you end up paying.
I own a leasehold house in Kingswood. Conveyancing and Santander mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Kingswood who acted for me is not around. What should I do?
First contact HMLR to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Kingswood conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a 1 bedroom flat in Kingswood, conveyancing was carried out 9 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Kingswood with over 90 years remaining are worth £165,000. The ground rent is £50 per annum. The lease expires on 21st October 2098
You have 78 years remaining on your lease we estimate the price of your lease extension to range between £7,600 and £8,800 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.