I am in a contract race with another prospective purchaser for a property in Bishops Lydeard. What can be done to hasten the legal process?

In a situation where you are under pressure for your conveyancing it is advisable to make sure that your conveyancer is familiar with the area as they will make use of local relationships and insight. It is even conceivable that they would have transacted previoushouses in the same street. Therefore consider using a Bishops Lydeard conveyancing lawyer. Second, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is claimed that 18% of Bishops Lydeard conveyancing deals are frustrated or jeopardised after finding out that a purchaser’s conveyancer was not on their banks panel. This can often result in the conveyancing being delayed by as much as 21 days. It is understood that this issue affects approximately 100,000 home sales every year. Most Bishops Lydeard conveyancing practices can not act for certain mortgage companies so do check at the outset.

What is the difference between a licensed conveyancer and conveyancing solicitor in Bishops Lydeard

There are two types of lawyers who can execute conveyancing in Bishops Lydeard namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the disposal or purchase of property. They are both obliged to conduct Bishops Lydeard conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly conducted and that all requirements and procedures should be suitably attended to.

We are due to move home in August. Should my conveyancing solicitor liaise with the removal company on the completion day. Incidentally, can you recommend a removal company in Bishops Lydeard. Conveyancing lawyer was chosen before I stumbled across your site.

On the day of completion you will need to pick up the house keys from the selling agent however this can only happen when the vendors conveyancers inform the agent that the monies to complete are in and the keys can be released. After that you should advise the removal men that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can assist you in finding a residential property solicitor in Bishops Lydeard or a solicitor with expertise in conveyancing in Bishops Lydeard.

We are getting a further advance on our home loan from Virgin Money as we intend to carry out renovations to our house in Bishops Lydeard. Are we obliged to appoint a bricks and mortar Bishops Lydeard solicitor on the Virgin Money conveyancing panel to handle the legals?

Virgin Money would not normally appoint firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money list.

The estate agent has sent us the confirmation of our purchase of a new build flat in Bishops Lydeard. Conveyancing is daunting 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.

Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Bishops Lydeard

Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I need to appoint a conveyancing solicitor for residential conveyancing in Bishops Lydeard. I happened to stumble across a web site which appears to be the ideal solution If there is a chance to get all the legals done via email 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?

I work for a reputable estate agency in Bishops Lydeard where we have witnessed a number of flat sales derailed as a result of short leases. I have been given inconsistent advice from local Bishops Lydeard conveyancing firms. Could you shed some light as to whether the owner of a flat can instigate the lease extension process for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 buyer.

I invested in buying a 1 bedroom flat in Bishops Lydeard, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Comparable flats in Bishops Lydeard with an extended lease are worth £190,000. The ground rent is £45 charged once a year. The lease runs out on 21st October 2087

With only 62 years unexpired we estimate the price of your lease extension to be between £17,100 and £19,800 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.