In the event thatI were to buy a freehold propertyin Totterdown for cash and dispense with a survey and no conveyancing searches how much could I expect to have to pay for conveyancing in Totterdown?
The only reduction in fees you would achieve is the Totterdown conveyancing searches. A conveyancing practitioner is obliged to do the vast majority of work - money laundering, liaising with the vendors conveyancing practitioner, stamp duty submission, register the ownership etc. You might save a bit for them not needing to register a charge however it will not be a lot.
We see that you have a post code search directory listing law firms on the Bank of Ireland conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Totterdown?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Totterdown.
Are all Totterdown Conveyancing Quality Solicitors on the UBS conveyancing list of approved firms?
Some major lenders now make use of CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
How can we tell if a Totterdown conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Totterdown seeking recommendations is a sensible start. 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 advise that you speak with the solicitor conducting your transaction.
We were going to get a AIP from TSB this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Totterdown solicitors on the TSB conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Totterdown solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
three months have elapsed following my purchase conveyancing in Totterdown took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £235,500 and found one close by in Totterdown I like with open areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Totterdown in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the remaining unexpired lease term may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
My plan is to acquire a ground floor apartment in Totterdown. Conveyancing solicitor has been awaiting, from the owner, building insurance schedule. This afternoon I was informed that the owner must send the insurance schedule for the flat above as well. Why does my solicitor want to review the insurance for the flat above? Is it really necessary? We have been in hold for the previous 2 weeks…
It is not impossible in leasehold conveyancing in Totterdown to find Conveyancing in Totterdown in a minority of cases reveals that the lease requires the tenant's to insure their individual flats as opposed to the freeholder insuring the whole block - which is definitely better. Do double check with your property lawyer but it would appear that your property lawyer is looking to verify that the complete building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed for lack of insurance.